In 2023, Japan led global higher education R&D expenditure in agricultural and veterinary sciences, followed by Germany and South Korea, despite a modest decline in Japan's investment. Notably, Poland and Hungary reported the strongest year-on-year growth. Conversely, Taiwan, Singapore, and Iceland saw reductions in their allocations. Over the past five years, South Korea and Poland outpaced others in compound annual growth rate, indicating robust investment momentum.
Looking forward, growth trends in Poland, Russia, and South Korea suggest these nations might continue increasing their R&D budgets. Watch for varying impacts of external economic factors on these investments, especially in emerging economies.
Top countries in Higher Education Expenditure on R&D in Agricultural and Veterinary Sciences by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 847.69 | 2023 | -0.0092% | -1.58% | View data |
| 2 | 2 Germany | 740.55 | 2023 | +1.17% | -0.16% | View data |
| 3 | 3 South Korea | 570.32 | 2023 | +2.85% | +6.08% | View data |
| 4 | 4 Italy | 450.42 | 2023 | +0.00089% | +0.81% | View data |
| 5 | 5 Poland | 442.45 | 2023 | +5.31% | +8.19% | View data |
| 6 | 6 Netherlands | 314.71 | 2023 | +1.5% | +5.25% | View data |
| 7 | 7 Spain | 190.14 | 2023 | +0.99% | +1.96% | View data |
| 8 | 8 United Kingdom | 187.79 | 2023 | +0.32% | -0.19% | View data |
| 9 | 9 Taiwan | 151.59 | 2023 | -1.62% | -2.29% | View data |
| 10 | 10 Russia | 133.24 | 2023 | +3.87% | +6.8% | View data |
