In 2023, Germany led global higher education expenditure on R&D with $17.99 million (PPP), reflecting a 3.82% YoY growth. The UK followed at $14.18 million, growing by 3.2%. Japan recorded $12.79 million, a 1.53% increase. South Korea observed the highest YoY growth at 9.57%, reaching $7.76 million. Poland's expenditure surged by 12.9% to $5.08 million, while Mexico's fell by 1.03% to $2.26 million. Notable five-year CAGR highlights include consistent growth trends in Poland, South Korea, and Hungary.
Future trends to monitor include Poland and South Korea's exceptional growth, reflecting significant investment in R&D. Additionally, the slight decline in Mexico's spend might require strategic reassessment. Observing these developments will provide insights into shifting priorities and emerging leaders in global higher education R&D expenditure.
Top countries in Higher Education Expenditure on R&D in All Fields Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.99 | 2023 | +3.57% | +3.82% | View data |
| 2 | 2 United Kingdom | 14.18 | 2023 | +3.89% | +3.2% | View data |
| 3 | 3 Japan | 12.79 | 2023 | +1.15% | +1.53% | View data |
| 4 | 4 Canada | 7.95 | 2023 | +1.36% | +1.27% | View data |
| 5 | 5 South Korea | 7.76 | 2023 | +8.87% | +9.57% | View data |
| 6 | 6 Italy | 5.99 | 2023 | +2.19% | +3.55% | View data |
| 7 | 7 Poland | 5.08 | 2023 | +8.5% | +12.9% | View data |
| 8 | 8 Spain | 4.8 | 2023 | +5.07% | +5.21% | View data |
| 9 | 9 Netherlands | 4.71 | 2023 | +3.88% | +5.99% | View data |
| 10 | 10 Russia | 3.19 | 2023 | +3.29% | +5.69% | View data |
