In 2023, Malaysia led global expenditure on R&D financed by higher education and private non-profit sectors, surpassing the United Kingdom and Canada. Mainly, Malaysia, Cyprus, and Chile exhibited strong year-on-year growth, while countries like Bulgaria and Austria also saw significant gains. Conversely, Estonia and Romania faced notable downturns. Long-term trends highlight positive lifelong growth in countries like Malaysia and Chile, countered by declines in Estonia and Ukraine.
Future trends to monitor include potential increases in Malaysia and Cyprus, buoyed by robust current trends. Conversely, continued contractions in Estonia, Ukraine, and other Eastern European countries may limit future contributions to global R&D.
Top countries in Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 0.35 | 2023 | +5.35% | +5.2% | View data |
| 2 | 2 United Kingdom | 0.33 | 2021 | +2.69% | View data | |
| 3 | 3 Canada | 0.24 | 2023 | +1.68% | -2.41% | View data |
| 4 | 4 Denmark | 0.21 | 2023 | +3.11% | +3.99% | View data |
| 5 | 5 United States | 0.19 | 2023 | +1.3% | -0.12% | View data |
| 6 | 6 Japan | 0.19 | 2023 | +0.12% | +0.85% | View data |
| 7 | 7 New Zealand | 0.15 | 2023 | +0.4% | +1.73% | View data |
| 8 | 8 Sweden | 0.14 | 2023 | +1.29% | +0.68% | View data |
| 9 | 9 Belgium | 0.11 | 2023 | +2% | +2.44% | View data |
| 10 | 10 France | 0.1 | 2023 | +1.86% | +2.98% | View data |
