In 2023, Germany led global higher education expenditure on R&D with $30.18 billion, marking a 3.82% year-on-year increase. The UK and Japan followed with $23.79 billion and $21.45 billion, respectively. Poland showed notable growth at a 12.9% increase, while Mexico decreased by 1.03%.
Key trends:
- Germany's commitment to R&D is underscored by a steady growth trajectory.
- South Korea displayed remarkable momentum with a 9.57% increase.
- Eastern European countries like Poland and Hungary exhibited dynamic growth, indicating a regional shift towards innovation.
Future trends to monitor include the strategic focus of emerging economies on R&D investment and the potential impact of geopolitical influences on funding allocation across regions.
Top countries in Higher Education Expenditure on R&D in All Fields by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30,180 | 2023 | +3.57% | +3.82% | View data |
| 2 | 2 United Kingdom | 23,790 | 2023 | +3.89% | +3.2% | View data |
| 3 | 3 Japan | 21,450 | 2023 | +1.15% | +1.53% | View data |
| 4 | 4 Canada | 13,340 | 2023 | +1.36% | +1.27% | View data |
| 5 | 5 South Korea | 13,030 | 2023 | +8.87% | +9.57% | View data |
| 6 | 6 Italy | 10,050 | 2023 | +2.19% | +3.55% | View data |
| 7 | 7 Poland | 8,520 | 2023 | +8.5% | +12.9% | View data |
| 8 | 8 Spain | 8,050 | 2023 | +5.07% | +5.21% | View data |
| 9 | 9 Netherlands | 7,890 | 2023 | +3.88% | +5.99% | View data |
| 10 | 10 Russia | 5,350 | 2023 | +3.29% | +5.69% | View data |
