In 2024, Germany leads in Global Higher Education Expenditure on R&D with $24.56B PPP, showing a moderate year-on-year (YoY) growth of 1.74%. Japan and the United Kingdom follow with $20.48B and $19.58B PPP, respectively, each displaying minor YoY changes of 0.52% and 0.48%. South Korea, at $11.78B PPP, experienced a remarkable growth of 8.43%, while Canada saw a slight decline, reaching $11.12B (-0.9%). Italy’s expenditure rose slightly to $8.02B (1.2%), and Poland recorded significant growth to $7.36B (10.52%). Spain, the Netherlands, and Russia demonstrated modest growth, while Mexico and Taiwan faced decreases. Smaller countries like Singapore, Norway, Portugal, and others showed varied performances, with some declines and others, like Chile, on the rise.
Future trends to watch for in Global Higher Education Expenditure on R&D include:
- Increasing investments in emerging economies and rapid growth countries like Poland and South Korea.
- Potential volatility in countries facing economic or political instability, such as Russia and Mexico.
- Continuous growth in technological hubs like Israel and Singapore, aligned with their innovation-focused policies.
Top countries in Higher Education Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24,560 | 2023 | +1.91% | +1.74% | View data |
| 2 | 2 Japan | 20,480 | 2023 | +0.47% | +0.52% | View data |
| 3 | 3 United Kingdom | 19,580 | 2023 | +2.1% | +0.48% | View data |
| 4 | 4 South Korea | 11,780 | 2023 | +7.89% | +8.43% | View data |
| 5 | 5 Canada | 11,120 | 2023 | -1.61% | -0.9% | View data |
| 6 | 6 Italy | 8,020 | 2023 | +0.55% | +1.2% | View data |
| 7 | 7 Poland | 7,360 | 2023 | +7.33% | +10.52% | View data |
| 8 | 8 Spain | 6,850 | 2023 | +3.53% | +3.5% | View data |
| 9 | 9 Netherlands | 6,340 | 2023 | +1.41% | +3.14% | View data |
| 10 | 10 Russia | 4,430 | 2023 | +2.32% | +4.58% | View data |
