The analysis of global basic research expenditures by higher education by country for 2024 reveals that the United States leads the field with $45.8 billion USD PPP, followed by China at $19.52 billion. Japan, South Korea, Mexico, Israel, the Czech Republic, Slovakia, and Iceland follow with expenditures of $7.6 billion, $3.17 billion, $1.56 billion, $1.08 billion, $1.01 billion, $0.32363 billion, and $0.07867 billion respectively. Over the last two years, expenditures have shown varied year-on-year growth: the United States increased by 0.72%, China by 4.36%, Japan by 0.039%, South Korea by 2.35%, Mexico by 1.63%, Israel by 0.77%, the Czech Republic by 2.05%, Slovakia by 2.68%, and Iceland by 2.54%.
Looking forward, key trends to watch include potential continued increases in China’s basic research expenditures as they aim to close the gap with the United States. Additionally, South Korea’s growth trajectory may position it as a more significant player in the future. Monitoring how geopolitical and economic shifts impact funding allocations, particularly in developed regions like the United States and Europe, will be essential for predicting future trends in global basic research expenditures by higher education.
Top countries in Basic Research Expenditures by Higher Education by Country
| # | 9 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 45,800 | 2023 | +0.83% | +0.72% | View data |
| 2 | 2 China | 19,520 | 2023 | +4.12% | +4.36% | View data |
| 3 | 3 Japan | 7,600 | 2023 | -0.068% | +0.039% | View data |
| 4 | 4 South Korea | 3,170 | 2023 | +2.21% | +2.35% | View data |
| 5 | 5 Mexico | 1,560 | 2023 | +0.88% | +1.63% | View data |
| 6 | 6 Israel | 1,080 | 2023 | +0.68% | +0.77% | View data |
| 7 | 7 Czech Republic | 1,010 | 2023 | +2.38% | +2.05% | View data |
| 8 | 8 Slovakia | 323.63 | 2023 | +1.77% | +2.68% | View data |
| 9 | 9 Iceland | 78.67 | 2023 | +2.21% | +2.54% | View data |
