In 2023, Germany led global higher education R&D expenditure in engineering and technology at $19.77 million PPP, followed by South Korea and Japan. The 2023 year-on-year variation showed significant growth in countries like Lithuania (8.07%), Slovakia (7.55%), and South Korea (7.12%). Japan, Italy, and the UK displayed slower growth, around 1-2%. Countries like the Czech Republic and Israel experienced slight declines.
Over the next few years, watch for increased investment in R&D by Asian and Eastern European countries as they seek to catch up with Western counterparts. Technological advancement and governmental support will likely drive further growth in these regions.
Top countries in Higher Education Expenditure on R&D in Engineering and Technology Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19.77 | 2023 | +2.45% | +2.18% | View data |
| 2 | 2 South Korea | 15.85 | 2023 | +3.03% | +7.12% | View data |
| 3 | 3 Japan | 14.93 | 2023 | +0.092% | +1.05% | View data |
| 4 | 4 Russia | 6.19 | 2023 | +2.26% | +5.39% | View data |
| 5 | 5 Italy | 5.85 | 2023 | +1.79% | +1.96% | View data |
| 6 | 6 United Kingdom | 5.7 | 2023 | +0.43% | +0.18% | View data |
| 7 | 7 Taiwan | 5.36 | 2023 | +2.87% | +0.21% | View data |
| 8 | 8 Spain | 5.07 | 2023 | +3.53% | +3.14% | View data |
| 9 | 9 Poland | 5.03 | 2023 | +3.4% | +6.84% | View data |
| 10 | 10 Netherlands | 3.72 | 2023 | +1.48% | +3.12% | View data |
