European Union - 27 countries (from 2020) vs South Korea: Business enterprise R&D expenditure in high-tech sectors by NACE Rev.

European Union - 27 countries (from 2020)
268,215 Million euro
in 2024
South Korea
66,741 Million euro
in 2023
European Union - 27 countries (from 2020) rank
2nd
South Korea rank
5th

Business enterprise R&D expenditure in high-tech sectors by NACE Rev. over time

  • European Union - 27 countries (from 2020)
  • South Korea
0100.0k200.0k300.0k200520142024

How they compare

European Union - 27 countries (from 2020) currently reports 268,215 Million euro against 66,741 Million euro in South Korea, a difference of 201,474 Million euro.

That makes European Union - 27 countries (from 2020)'s figure about 4.0 times South Korea's.

Across all 19 years both countries report, European Union - 27 countries (from 2020) has been ahead every year.

European Union - 27 countries (from 2020) ranks 2nd and South Korea ranks 5th of 4 regions.

European Union - 27 countries (from 2020) has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade European Union - 27 countries (from 2020) South Korea Difference Ahead
2000s 121,568 Million euro 16,605 Million euro 104,963 Million euro European Union - 27 countries (from 2020)
2010s 167,477 Million euro 38,321 Million euro 129,157 Million euro European Union - 27 countries (from 2020)
2020s 230,082 Million euro 61,740 Million euro 168,342 Million euro European Union - 27 countries (from 2020)

Averages of every year both report within each decade.

Frequently asked questions

Which has higher business enterprise r&d expenditure in high-tech sectors by nace rev., European Union - 27 countries (from 2020) or South Korea?
European Union - 27 countries (from 2020), at 268,215 Million euro against 66,741 Million euro in South Korea as of 2024.
What is the difference in business enterprise r&d expenditure in high-tech sectors by nace rev. between European Union - 27 countries (from 2020) and South Korea?
201,474 Million euro, with European Union - 27 countries (from 2020) ahead.
How many years of comparable data are there for European Union - 27 countries (from 2020) and South Korea?
19 years are reported by both, from 2005 to 2023.
How do European Union - 27 countries (from 2020) and South Korea rank globally for business enterprise r&d expenditure in high-tech sectors by nace rev.?
European Union - 27 countries (from 2020) ranks 2nd and South Korea ranks 5th of 4 regions.
Where does this data come from?
Eurostat, published as Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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European Union - 27 countries (from 2020) vs South Korea: Business enterprise R&D expenditure in high-tech sectors by NACE Rev.. Statizoid, drawing on Eurostat. Retrieved 17 September 2026, from https://economy.statizoid.com/compare/business-enterprise-r-and-d-expenditure-in-high-tech-sectors-by-nace-rev-2/european-union-27-countries-from-2020/south-korea/

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About this data

Indicator
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2
Unit
Million euro
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
56 places, 1,040 data points, 2005–2024
Last refreshed