The United States leads in higher education and private non-profit R&D expenditure with significant investment, showing stable growth. The United Kingdom and Japan follow with substantial R&D investments. Notably, France, Belgium, and Russia exhibit strong growth trends. European countries like Austria, Slovakia, and Iceland recorded significant year-to-year increases, though at a lower absolute level compared to major countries. Conversely, Israel and Costa Rica faced minor declines. Additionally, Germany's growth marginally lagged, despite its robust R&D environment. Noteworthy is Austria's exceptional growth, indicating a potential shift in the regional R&D landscape.
Future trends anticipate a sustained focus on increasing R&D investments in emerging economies and underrepresented countries. Growth in technological sectors may drive higher education and private non-profit sectors to allocate more resources towards innovative R&D initiatives. Observers should watch for shifts in funding priorities towards sustainability, healthcare, and technology areas, given global challenges and opportunities arising from digital transformation.
Top countries in Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 46,860 | 2023 | +2.96% | +3.15% | View data |
| 2 | 2 United Kingdom | 11,170 | 2021 | +11.97% | View data | |
| 3 | 3 Japan | 10,720 | 2023 | +1.48% | +1.55% | View data |
| 4 | 4 Canada | 5,360 | 2023 | +2.08% | +1.72% | View data |
| 5 | 5 France | 3,760 | 2023 | +5.47% | +6.6% | View data |
| 6 | 6 South Korea | 967.36 | 2023 | +1.11% | +2.34% | View data |
| 7 | 7 Sweden | 955.82 | 2023 | +3.82% | +4.4% | View data |
| 8 | 8 Italy | 887.87 | 2023 | +1.75% | +1.76% | View data |
| 9 | 9 Belgium | 795.27 | 2023 | +4.98% | +6.06% | View data |
| 10 | 10 Poland | 781.55 | 2023 | +5.49% | +4.06% | View data |
