The United States leads with $82.85 thousand USD PPP in 2024, followed by China at $49.56 thousand. Germany, Japan, and France round out the top five, with significant but smaller spends. Over the last year, the U.S. grew by 2.09% and China by 3.83%. Germany and South Korea show strong relative growth at 2.82% and 2.88%, respectively. Notable increases include Egypt at 2.92%, Netherlands at 2.02%, and Mexico at 3.31%. Smaller contributors like Luxembourg saw the highest year-on-year variation at 4.74%, indicating potential for future growth.
Future trends to watch include increasing R&D investment in emerging markets like Egypt and Mexico, and consistent growth in established leaders like the United States and China. The push for innovation and technology may drive these countries to further boost their R&D spending, particularly in areas related to digital transformation and sustainability.
Top countries in Higher Education Expenditure on R&D by Country
| # | 10 Countries | US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 82,850 | 2023 | +2.1% | +2.09% | View data |
| 2 | 2 China | 49,560 | 2023 | +3.97% | +3.83% | View data |
| 3 | 3 Germany | 28,810 | 2023 | +2.82% | +2.82% | View data |
| 4 | 4 Japan | 20,640 | 2023 | +0.64% | +0.83% | View data |
| 5 | 5 France | 15,660 | 2023 | +2.04% | +2.22% | View data |
| 6 | 6 United Kingdom | 13,180 | 2023 | +1.7% | +1.93% | View data |
| 7 | 7 South Korea | 9,330 | 2023 | +2.74% | +2.88% | View data |
| 8 | 8 Italy | 9,100 | 2023 | +1.47% | +1.44% | View data |
| 9 | 9 Egypt | 6,950 | 2023 | +3.78% | +2.92% | View data |
| 10 | 10 Spain | 6,830 | 2023 | +1.85% | +1.89% | View data |
