In 2023, Denmark led in R&D expenditure by higher education and private non-profit sectors at 12.36% of total GOVERD, despite a year-on-year decline of 1.9%. Luxembourg follows with 5.95%, while Australia shows notable growth at 4.54% with a 1.98% increase. Emerging countries like Croatia and Romania experienced significant year-on-year gains of 20.13% and 32.36% respectively. Traditional powerhouses like Germany and UK show marginal or negative changes, indicating a potential shift in global R&D landscapes over the patterns of the past two years.
Future trends suggest increased R&D investment diversification predicted by higher increases in countries like Singapore and Slovakia. With emerging economies demonstrating robust growth rates, these trends indicate an evolving global emphasis on elevating R&D infrastructures, diversifying the geographical spread of innovation, and potentially altering global R&D dynamics in favor of non-traditional players.
Top countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors by Country
| # | 10 Countries | Percent of Total GOVERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 12.36 | 2023 | +3.69% | -1.9% | View data |
| 2 | 2 Luxembourg | 5.95 | 2023 | +2.62% | -1.22% | View data |
| 3 | 3 Australia | 4.54 | 2023 | +1.37% | +1.98% | View data |
| 4 | 4 United Kingdom | 2.95 | 2023 | +0.00042% | -0.69% | View data |
| 5 | 5 Sweden | 2.69 | 2023 | +5.49% | -0.48% | View data |
| 6 | 6 Italy | 2.64 | 2023 | +0.27% | +0.55% | View data |
| 7 | 7 Netherlands | 2.32 | 2023 | +0.033% | +7.1% | View data |
| 8 | 8 Ireland | 1.83 | 2023 | +7.41% | -5.39% | View data |
| 9 | 9 Germany | 1.74 | 2023 | -0.00036% | -1.98% | View data |
| 10 | 10 Finland | 1.71 | 2023 | -0.0013% | +1.78% | View data |
