24Peaks / Asia / China / R-D Expenditure and Patent Applications

China - R-D Expenditure and Patent Applications 2.58

World Bank WDI · updated 2026-10-15 · 156 economies tracked

Latest value

2.58 (2023)

Global rank

##15 of 156 economies

Share of global total

2.4%

Growth since 1996

4.61×

Ranking Race — R-D Expenditure and Patent Applications

1 = global #1 · higher value ranks higher

#1#11#21#31#41#51#611996200120062011201620212024#30#152020 overtook Iceland2022 overtook Denmark
ChinaCanadaHong KongEgyptRussia

Real annual global ranks, 1996 - 2024. China climbed from #30 to #15 (overtook Iceland). Gaps in a lane = missing data that year.

Key events for China ↓

Key Events — China

Auto-detected from rank data + curated milestones

2001
WTO accession curated

Joins the World Trade Organization, accelerating trade integration.

2010
World's second-largest economy curated

GDP overtakes Japan to become the world's second-largest economy.

2015
Stock market turbulence curated

Sharp equity market swings and currency pressure test the economy.

2020
Overtook Iceland in global rank auto
2022
Overtook Denmark in global rank auto

R-D Expenditure and Patent Applications, 1996-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
19962006201620230.561.231.912.58

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