In 2023, Germany leads global higher education expenditure on R&D in engineering and technology, spending 6.09 billion USD PPP, followed by South Korea at 4.88 billion USD PPP. South Korea shows the highest year-on-year growth at 7.12%. Lithuania also demonstrates significant growth at 8.07%, albeit from a lower base. Conversely, the Czech Republic and Israel exhibit slight declines, each with a decrease of around 1.8%. Countries like Russia and Poland are showing robust increases at over 5% year-on-year.
Future trends to watch include:
- Increased R&D investment in nations transitioning from manufacturing-driven to innovation-driven economies, notably in Asia.
- Potential budget constraints in Europe impacting R&D expenditure due to economic uncertainties.
- Rising collaboration between educational institutions and industries in developing economies.
- Continued fluctuation due to global economic conditions influenced by geopolitical tensions and policy changes.
Top countries in Higher Education Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,090 | 2023 | +2.45% | +2.18% | View data |
| 2 | 2 South Korea | 4,880 | 2023 | +3.03% | +7.12% | View data |
| 3 | 3 Japan | 4,600 | 2023 | +0.092% | +1.05% | View data |
| 4 | 4 Russia | 1,910 | 2023 | +2.26% | +5.39% | View data |
| 5 | 5 Italy | 1,800 | 2023 | +1.79% | +1.96% | View data |
| 6 | 6 United Kingdom | 1,750 | 2023 | +0.43% | +0.18% | View data |
| 7 | 7 Taiwan | 1,650 | 2023 | +2.87% | +0.21% | View data |
| 8 | 8 Spain | 1,560 | 2023 | +3.53% | +3.14% | View data |
| 9 | 9 Poland | 1,550 | 2023 | +3.4% | +6.84% | View data |
| 10 | 10 Netherlands | 1,150 | 2023 | +1.48% | +3.12% | View data |
