The 2023 data shows that Italy led global higher education R&D expenditure with $6.44 billion PPP, followed by Australia and the UK. Significant growth was observed in smaller economies like Slovenia and Croatia, indicating emerging investments. Conversely, countries such as Canada and Costa Rica experienced declines in spending. Over the past five years, varied trends have emerged; the UK and Sweden showed steady growth, whereas Australia faced stagnation. Rapid growth in Ireland and Finland suggests increasing prioritization in R&D funding.
Future trends to watch include digital transformation's impact on R&D priorities and potential realignment in funding amid global economic shifts. Emerging economies might increase investments, potentially altering global standings.
Top countries in Higher Education Expenditure on R&D Financed from General University Funds by Country
# | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Italy | 6,440 | 2023 | +0.86% | +2.21% | View data |
2 | 2 Australia | 4,630 | 2023 | -0.015% | -0.042% | View data |
3 | 3 United Kingdom | 3,460 | 2023 | +1.61% | +3.32% | View data |
4 | 4 Canada | 2,680 | 2023 | +1.73% | -0.64% | View data |
5 | 5 Austria | 2,590 | 2021 | +4.97% | +4.93% | View data |
6 | 6 Sweden | 2,220 | 2023 | +2.85% | +3.03% | View data |
7 | 7 Norway | 2,090 | 2023 | +3.79% | +2.44% | View data |
8 | 8 Israel | 1,250 | 2023 | +1.94% | +2.37% | View data |
9 | 9 Finland | 951.68 | 2023 | +2.18% | +1.62% | View data |
10 | 10 Belgium | 822.88 | 2023 | +1.58% | +2.93% | View data |