Chart of the Day: SG vs HK on R&D spending

Singapore spends 1.9% of its GDP on research and development.

The Lion City spends almost 2% on research and development in 2020 compared to Hong Kong, which leverages China’s fast technological growth, a CBRE report showed.

This graph from CBRE revealed that Singapore’s R&D expenditure comes from 1.9% of its GDP in 2020 whilst Hong Kong invested 1% of its GDP for R&D.

In the coming years, CBRE said it expects closer collaboration between Hong Kong and the mainland for R&D efforts.