In 2023, Israel led in Global Higher Education Expenditure on R&D financed from General University Funds with Slovakia and Malta closely following. Significant variation included Croatia's substantial increase of nearly 15%, while Russia faced a dramatic reduction of almost 10%. Overall, fluctuations show an average moderate growth with individual disparities across countries. Over the last five years, countries like Israel and Ireland demonstrated positive average annual compound growth rates, unlike Russia and Cyprus which showed declines.
Future trends to watch include increased investments in innovation and technology in higher education, particularly in Eastern Europe, which may enhance R&D funding. Additionally, geopolitical factors and economic stability will be pivotal in shaping these expenditures worldwide.
Top countries in Higher Education Expenditure on R&D Financed from General University Funds by Country
| # | 10 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 75.63 | 2023 | +1.46% | +2.12% | View data |
| 2 | 2 Slovakia | 75.28 | 2023 | -0.14% | -1.23% | View data |
| 3 | 3 Malta | 73.27 | 2023 | -0.027% | +0.18% | View data |
| 4 | 4 Norway | 68.49 | 2023 | -0.02% | -0.57% | View data |
| 5 | 5 Croatia | 68.19 | 2023 | +7.89% | +14.96% | View data |
| 6 | 6 Austria | 64.08 | 2021 | -0.51% | +0.079% | View data |
| 7 | 7 Costa Rica | 55.45 | 2023 | -0.59% | -1.16% | View data |
| 8 | 8 Lithuania | 54.37 | 2023 | +3.46% | +1.73% | View data |
| 9 | 9 Denmark | 53.84 | 2023 | -0.37% | -0.44% | View data |
| 10 | 10 Australia | 53.47 | 2023 | -0.017% | -0.96% | View data |
