The data indicates that Denmark leads in higher education R&D expenditure financed by government, followed by Norway, Sweden, Iceland, and Finland. Notably, Egypt is on par with countries like Australia and the Netherlands. From 2023, notable positive trends include Poland at 8.15%, Greece at 5.85%, and Cyprus at 11.69%. On the other hand, significant decreases are seen in Canada by -3.26%, Ireland by -0.63%, and the United States by -1.54%.
Over the next five years, emerging economies like Poland, South Korea, and Greece are projected to increase their higher education R&D expenditure. Developed countries may see slower growth or slight declines, especially as they seek to optimize current expenditures. It will be essential to watch China's expenditure, as slight variations here could signal shifting priorities in global higher education R&D financing strategy. Less evident but important trends to monitor include increased investments by smaller countries like Bulgaria and Cyprus.
Top countries in Higher Education Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 0.75 | 2023 | +1.41% | +0.74% | View data |
| 2 | 2 Norway | 0.58 | 2023 | +0.98% | -1.9% | View data |
| 3 | 3 Sweden | 0.57 | 2023 | -0.27% | -1.21% | View data |
| 4 | 4 Iceland | 0.54 | 2023 | +1.04% | +1.19% | View data |
| 5 | 5 Finland | 0.52 | 2023 | +0.43% | -1.05% | View data |
| 6 | 6 Australia | 0.51 | 2023 | -1.2% | -1.78% | View data |
| 7 | 7 Netherlands | 0.51 | 2023 | +0.00049% | +2.52% | View data |
| 8 | 8 Egypt | 0.51 | 2023 | +1.66% | +0.72% | View data |
| 9 | 9 Germany | 0.48 | 2023 | +0.32% | +1.1% | View data |
| 10 | 10 Portugal | 0.45 | 2023 | +1.51% | +0.19% | View data |
