In 2023, Japan's higher education-financed R&D expenditure stood at 9.03 billion US dollars PPP, with a modest 0.65% year-on-year growth. Canada followed at 3.65 billion, marking a significant 2.6% increase. Russia saw a slight rise of 2.66%, amounting to 0.40699 billion. The Czech Republic boosted its spending by 3.44% to 0.10141 billion, while Greece expanded by 2.75%, reaching 0.08429 billion. Iceland, though with a smaller budget, achieved the highest growth at 4.57%, totaling 0.01721 billion. The five-year CAGR indicates a steady overall increase across these nations.
Future trends to watch include shifts due to technological advancements and government policies influencing higher education funding. Emerging economies may contribute more significantly as they build their research capacities. Monitoring these developments can provide insights into the changing dynamics of global R&D expenditures in higher education.
Top countries in Gross Domestic Expenditure on R&D Financed by Higher Education by Country
| # | 6 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 9,030 | 2023 | +0.5% | +0.65% | View data |
| 2 | 2 Canada | 3,650 | 2023 | +2.63% | +2.6% | View data |
| 3 | 3 Russia | 406.99 | 2023 | +2.37% | +2.66% | View data |
| 4 | 4 Czech Republic | 101.41 | 2023 | +3.96% | +3.44% | View data |
| 5 | 5 Greece | 84.29 | 2023 | +2.26% | +2.75% | View data |
| 6 | 6 Iceland | 17.21 | 2023 | +3.74% | +4.57% | View data |
