In 2023, Greece led in global higher education R&D expenditure financed from abroad with $192.45 million USD PPP. China followed with $173.19 million USD PPP, showing modest growth. South Korea, Russia, and Japan demonstrated steady increases with values at $62.07M, $52.63M, and $27.77M respectively. Iceland's funding was $10.7M, while Mexico's had a slight decline to $6.05M. Over the last two years, substantial growth was seen in Japan and South Korea. Conversely, Mexico showed a slight decrease in international funding.
Looking ahead, the increasing globalization and expansion of international academic collaborations will likely continue to drive growth in R&D investments, with Asian economies poised as significant contributors to this trend.
Top countries in Higher Education Expenditure on R&D Financed from Abroad by Country
| # | 7 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 192.45 | 2023 | +1.89% | +2.55% | View data |
| 2 | 2 China | 173.19 | 2023 | +0.8% | +1.14% | View data |
| 3 | 3 South Korea | 62.07 | 2023 | +3.26% | +3.66% | View data |
| 4 | 4 Russia | 52.63 | 2023 | +0.4% | +0.98% | View data |
| 5 | 5 Japan | 27.77 | 2023 | +3.39% | +4.67% | View data |
| 6 | 6 Iceland | 10.7 | 2023 | +2.23% | +2.48% | View data |
| 7 | 7 Mexico | 6.05 | 2023 | -0.12% | -0.94% | View data |
