In 2023, Global Higher Education R&D funded by general university funds saw Japan leading with $7.81 billion, while Slovenia stood at the lowest with $0.02108 billion. Over the past year, Slovenia and Croatia experienced the highest growth in expenditure, increasing by 23.57% and 21.65%, respectively. Notable growth was also observed in Israel, Ireland, and Cyprus. Conversely, Russia and Canada saw significant declines in their R&D expenditure, with reductions of 7.94% and 2.55%, respectively. Over the last five years, countries like Croatia have seen impressive CAGR, indicating robust investment growth.
Future trends to watch include the potential for increased investment in lower-expenditure countries as they aim to boost their global R&D footprint. Continued growth in countries like Israel, Ireland, and Cyprus may drive innovation, while economic challenges could cause fluctuations in countries that are experiencing declines, such as Russia and Canada. Monitoring geopolitical developments and funding policies will be critical for predicting future variations in higher education R&D funding.
Top countries in Higher Education Expenditure on R&D Financed from General University Funds by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 7,810 | 2023 | +1.14% | +0.62% | View data |
| 2 | 2 Italy | 5,130 | 2023 | -0.9% | -0.13% | View data |
| 3 | 3 United Kingdom | 2,820 | 2023 | -0.91% | +0.32% | View data |
| 4 | 4 Canada | 2,250 | 2023 | +3.2% | -2.55% | View data |
| 5 | 5 Austria | 2,200 | 2021 | +3.22% | +2.54% | View data |
| 6 | 6 Sweden | 1,830 | 2023 | +1.01% | +0.57% | View data |
| 7 | 7 Mexico | 1,590 | 2023 | +1.47% | -1.12% | View data |
| 8 | 8 Israel | 1,180 | 2023 | +2.1% | +2.2% | View data |
| 9 | 9 Belgium | 665.75 | 2023 | +0.46% | +0.56% | View data |
| 10 | 10 Taiwan | 619.02 | 2023 | -0.14% | -1.01% | View data |
