The analysis of global basic research expenditures by higher education in 2023 revealed that the United States led with $50.38 billion, followed by China at $20.67 billion, and Japan at $7.81 billion, while South Korea, Slovakia, and Iceland had lower expenditures. Over the past year, China saw a significant year-on-year increase of 4.46%, while the United States experienced a modest growth of 1.58%. Japan's growth was minimal at 0.82% as contrasted with smaller but steady growth in South Korea, Slovakia, and Iceland at 2.77%, 2.8%, and 3.18% respectively. Over five years, varied CAGR signals diverse investment trends across these nations.
Future trends to watch include China's continued acceleration in research investments potentially reshaping global dynamics. The United States may leverage its substantial financial base to maintain leadership. Developing countries might increase spending as they recognize research's pivotal role in driving innovation and economic growth. Policy shifts and economic conditions will strongly influence these trajectories.
Top countries in Basic Research Expenditures by Higher Education by Country
| # | 6 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 50,380 | 2023 | +1.7% | +1.58% | View data |
| 2 | 2 China | 20,670 | 2023 | +4.32% | +4.46% | View data |
| 3 | 3 Japan | 7,810 | 2023 | +0.63% | +0.82% | View data |
| 4 | 4 South Korea | 3,340 | 2023 | +2.59% | +2.77% | View data |
| 5 | 5 Slovakia | 325.5 | 2023 | +1.96% | +2.8% | View data |
| 6 | 6 Iceland | 88.16 | 2023 | +2.89% | +3.18% | View data |
