In 2023, the United States led global higher education expenditure on R&D financed from abroad with $1.35 billion. Greece and China followed, with expenditures of $0.17108 billion and $0.15637 billion, respectively. Year-on-year variations for the same year were positive for most countries, notably Japan (4.48%) and South Korea (3.41%). However, Russia and Mexico experienced decreases of -0.61% and -4.48%, respectively. Slovakia faced a significant downturn of -11.17%. Over the past five years, the compound annual growth rate (CAGR) suggests steady growth in countries like Japan and South Korea.
Future trends to watch include the potential rise in international collaborations, possibly driven by geopolitical factors, affecting inflows to nations with robust academic programs. Increased digitalization and global connectivity might further encourage investments in R&D abroad, diversifying funding sources and fostering more international partnerships.
Top countries in Higher Education Expenditure on R&D Financed from Abroad by Country
| # | 9 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,350 | 2023 | +2.05% | +2.49% | View data |
| 2 | 2 Greece | 171.08 | 2023 | +1.09% | +1.79% | View data |
| 3 | 3 China | 156.37 | 2023 | -0.23% | +0.14% | View data |
| 4 | 4 South Korea | 59.49 | 2023 | +3.02% | +3.41% | View data |
| 5 | 5 Russia | 42.58 | 2023 | -1.56% | -0.61% | View data |
| 6 | 6 Japan | 27.84 | 2023 | +3.23% | +4.48% | View data |
| 7 | 7 Slovakia | 11.29 | 2023 | -29% | -11.17% | View data |
| 8 | 8 Iceland | 9.43 | 2023 | +1.33% | +1.58% | View data |
| 9 | 9 Mexico | 4.68 | 2023 | -3.66% | -4.48% | View data |
