In 2023, Germany leads the global higher education expenditure on R&D in engineering and technology with $7.46 billion, followed by South Korea and Japan, with $5.72 billion and $4.87 billion, respectively. Notably, Poland and Slovakia saw the highest year-on-year increases of 9.71% and 8.73%, while the Czech Republic and Israel experienced declines. The five-year CAGR highlights substantial growth in Eastern Europe and Asia, with Western nations maintaining a stable pace.
Future trends to watch include the increasing investment in digital transformation technologies, rising collaborations between industry and academia, and the potential impact of geopolitical dynamics on cross-border research initiatives. These factors could reshape the funding landscape significantly.
Top countries in Higher Education Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,460 | 2023 | +3.97% | +4.22% | View data |
| 2 | 2 South Korea | 5,720 | 2023 | +6.79% | +9.47% | View data |
| 3 | 3 Japan | 4,870 | 2023 | +1.35% | +2.31% | View data |
| 4 | 4 Russia | 2,290 | 2023 | +3.2% | +6.48% | View data |
| 5 | 5 Italy | 2,190 | 2023 | +1.56% | +3.55% | View data |
| 6 | 6 United Kingdom | 1,980 | 2023 | +1.39% | +1.1% | View data |
| 7 | 7 Poland | 1,850 | 2023 | +5.5% | +9.71% | View data |
| 8 | 8 Spain | 1,810 | 2023 | +4.02% | +4.56% | View data |
| 9 | 9 Taiwan | 1,780 | 2023 | +2.58% | +1.6% | View data |
| 10 | 10 Netherlands | 1,390 | 2023 | +2.95% | +5.54% | View data |
