Analysis of the Global R&D Budget for the General Advancement of Knowledge in 2023 shows that the countries with the highest percentage allocations were Chile, Cyprus, and Bulgaria. Chile experienced a moderate increase, while Cyprus saw the highest growth among the listed countries. Conversely, Hungary and Greece faced significant declines in their R&D budget allocations. Countries like Germany, United States, and France, although economically robust, reported relatively lower allocation percentages, indicating a shift in research priorities or funding structures.
Looking towards the future, key trends to watch include potential increases in emerging economies like Colombia and Cyprus, where substantial growth was observed. Established economies may further focus on private sector R&D funding, potentially affecting these percentages. The global landscape is likely to evolve towards increased international collaborations and funding diversification.
Top countries in R&D Budget for General Advancement of Knowledge (Not Financed from General University Funds) by Country
| # | 10 Countries | Percent of Total GBARD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 69.66 | 2023 | +4.07% | +3.2% | View data |
| 2 | 2 Cyprus | 57.49 | 2023 | +0.24% | +7.1% | View data |
| 3 | 3 Bulgaria | 43.17 | 2023 | +8.76% | +1.56% | View data |
| 4 | 4 Latvia | 36.3 | 2023 | -0.88% | +2.3% | View data |
| 5 | 5 Poland | 34.08 | 2023 | -9.32% | +6.13% | View data |
| 6 | 6 Czech Republic | 33.58 | 2023 | -0.029% | -1.72% | View data |
| 7 | 7 Ireland | 31.42 | 2023 | -0.25% | +0.72% | View data |
| 8 | 8 Luxembourg | 29.7 | 2023 | +1.85% | +2.94% | View data |
| 9 | 9 Croatia | 28.87 | 2023 | -3.97% | -4.25% | View data |
| 10 | 10 Iceland | 27.08 | 2023 | -6.31% | -0.61% | View data |
