The 2023 data highlights a significant disparity in global expenditures on R&D financed by higher education and private non-profit sectors. Chile and Costa Rica lead with notable commitment levels, whereas advanced economies like the U.S. and Germany exhibit lower values. Year-on-year variations reveal dynamic changes, with Chile showing marked growth, and countries like the United States witnessing declines. Trends over five years indicate a moderate CAGR increase across developed nations with a few outliers experiencing significant shifts.
Future trends to watch:
- Shifts in funding priorities influenced by geopolitical tensions and economic recovery strategies.
- Increased collaboration between private and educational sectors to drive innovation.
- The potential for digital and green technology sectors to attract more R&D investments.
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 Total GERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Chile | 28.48 | 2023 | +4.44% | +10.88% | View data |
| 2 | 2 Costa Rica | 23.03 | 2023 | +0.94% | +1.41% | View data |
| 3 | 3 Colombia | 20.02 | 2023 | +3% | -3.5% | View data |
| 4 | 4 United Kingdom | 11.42 | 2021 | +3.28% | View data | |
| 5 | 5 New Zealand | 10.41 | 2023 | +0.02% | +0.92% | View data |
| 6 | 6 Denmark | 7.14 | 2023 | +2.94% | +3.86% | View data |
| 7 | 7 Japan | 5.87 | 2023 | -0.0005% | +0.35% | View data |
| 8 | 8 Cyprus | 5.48 | 2023 | +0.044% | -0.1% | View data |
| 9 | 9 United States | 4.99 | 2023 | -4.12% | -5.13% | View data |
| 10 | 10 Spain | 4.93 | 2023 | +1.03% | -0.32% | View data |
