The United States leads in R&D expenditure financed by the higher education and private non-profit sectors, with significant year-on-year growth of 12.45%. Notable increases are seen in Poland, Hungary, and Argentina, with growth rates of over 30%. Belgium also shows a substantial growth of 17.42%, while countries like Germany, South Korea, and Austria faced declines. Emerging trends include Poland leveraging significant investments in R&D, while traditional powerhouses like South Korea and Germany saw contractions. Russia and Singapore experienced strong performance, highlighting shifts in regional R&D financing dynamics.
Future trends to watch include further diversification of R&D financing sources, the potential impact of geopolitical factors on Russia's continued growth, and monitoring how traditional leaders in R&D, such as South Korea, adapt to emerging challenges and opportunities. The growth in countries like Hungary and Poland suggests an increasing role of Eastern Europe in the global R&D landscape.
Top countries in Business Enterprise 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 | 778.03 | 2023 | +3.2% | +12.45% | View data |
| 2 | 2 Netherlands | 156.12 | 2023 | +2.08% | +5.46% | View data |
| 3 | 3 Germany | 106.28 | 2023 | +0.48% | -0.86% | View data |
| 4 | 4 Belgium | 95 | 2023 | +4.62% | +17.42% | View data |
| 5 | 5 Israel | 81.47 | 2023 | +2.96% | +3.33% | View data |
| 6 | 6 Italy | 53.63 | 2023 | +2.06% | +13.35% | View data |
| 7 | 7 France | 42.65 | 2023 | +12.79% | +3.24% | View data |
| 8 | 8 South Korea | 42.42 | 2023 | +1.53% | -1.97% | View data |
| 9 | 9 Spain | 36.43 | 2023 | +7.05% | +10.69% | View data |
| 10 | 10 Denmark | 31.88 | 2023 | +2.09% | -1.5% | View data |
