The United States leads global business enterprise expenditure on R&D financed by higher education and the private non-profit sectors with a significant 49.83 million USD PPP, experiencing a notable year-on-year growth of 12.45% in 2023. The Netherlands also shows a strong upward trend with a 5.46% increase, while Germany and South Korea saw declines. Notably, Belgium and Poland exhibit substantial annual growth rates of 17.42% and 33.52%, respectively. Other countries such as Russia and Hungary have marked massive growth rates, outpacing many of their peers with percentages of 23.91% and 39.71%, respectively.
Future trends to watch include increasing investments in Europe and emerging markets like Poland and Russia, which could alter the global R&D landscape. Continued fluctuations in economic conditions may affect investment levels, particularly in rapidly growing economies. Integration of advanced technologies and digital transformation will further drive R&D activities financed by educational and non-profit sectors.
Top countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 49.83 | 2023 | +3.2% | +12.45% | View data |
| 2 | 2 Netherlands | 10 | 2023 | +2.08% | +5.46% | View data |
| 3 | 3 Germany | 6.81 | 2023 | +0.48% | -0.86% | View data |
| 4 | 4 Belgium | 6.08 | 2023 | +4.62% | +17.42% | View data |
| 5 | 5 Israel | 5.22 | 2023 | +2.96% | +3.33% | View data |
| 6 | 6 Italy | 3.43 | 2023 | +2.06% | +13.35% | View data |
| 7 | 7 France | 2.73 | 2023 | +12.79% | +3.24% | View data |
| 8 | 8 South Korea | 2.72 | 2023 | +1.53% | -1.97% | View data |
| 9 | 9 Spain | 2.33 | 2023 | +7.05% | +10.69% | View data |
| 10 | 10 Denmark | 2.04 | 2023 | +2.09% | -1.5% | View data |
