The United States leads in R&D expenditure by the higher education and private non-profit sectors, with Japan and the UK following. Notably, Austria showed a significant increase in growth with a 23.57% rise in 2023, while Singapore and Chile also experienced substantial gains. Conversely, Estonia saw the largest decline at -14.36%. Over the past five years, variations suggest consistent trends of increase in several Asian and European countries, highlighting rapid innovation and academic contributions.
Looking ahead, South Korea, Singapore, and emerging European economies are poised for further growth in R&D investments, likely spurred by technological advancements and international collaborations.
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, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 38,580 | 2023 | -0.32% | +0.27% | View data |
| 2 | 2 Japan | 10,070 | 2023 | +0.2% | +0.31% | View data |
| 3 | 3 United Kingdom | 9,560 | 2021 | +10.5% | View data | |
| 4 | 4 Canada | 4,330 | 2023 | -0.88% | -1.1% | View data |
| 5 | 5 France | 2,980 | 2023 | +3.38% | +3.55% | View data |
| 6 | 6 Spain | 1,190 | 2023 | +2.17% | +1.66% | View data |
| 7 | 7 South Korea | 867.57 | 2023 | -0.081% | +1.13% | View data |
| 8 | 8 Sweden | 796.65 | 2023 | +1.99% | +2.11% | View data |
| 9 | 9 Italy | 748.94 | 2023 | +2.82% | +0.54% | View data |
| 10 | 10 Poland | 674.37 | 2023 | +4.6% | +1.91% | View data |
