The analysis of Global Higher Education Expenditure on R&D financed by the business sector reveals significant disparities among countries. In 2023, China dominated with the highest expenditure share, reflecting robust support from local enterprises for academic R&D, followed by the United States and Germany.
Year-on-year growth in 2023 highlighted strong increases in Mexico and China, whereas nations like Canada and Sweden experienced declines. Over the past five years, higher growth rates were observed in emerging economies, indicating a shift in R&D investments toward these regions.
Future trends to watch include the potential rise in R&D funding in emerging markets, driven by increasing collaborations between businesses and academia. Moreover, developed countries may focus on sustaining and gradually increasing their expenditure to maintain global competitive advantage.
Top countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 52.77 | 2023 | +6.66% | +14.54% | View data |
| 2 | 2 United States | 11.37 | 2023 | +1.57% | +0.35% | View data |
| 3 | 3 Germany | 9.41 | 2023 | +1.27% | +1.09% | View data |
| 4 | 4 United Kingdom | 5.22 | 2023 | +1.37% | +0.2% | View data |
| 5 | 5 Russia | 4.16 | 2023 | +6.03% | +6.66% | View data |
| 6 | 6 Canada | 2.36 | 2023 | +1.25% | -2.5% | View data |
| 7 | 7 Japan | 1.93 | 2023 | +0.19% | +0.33% | View data |
| 8 | 8 Italy | 1.63 | 2023 | +1.76% | +4.06% | View data |
| 9 | 9 Netherlands | 1.42 | 2023 | +2.16% | +0.53% | View data |
| 10 | 10 Taiwan | 1.36 | 2023 | +3.57% | +5.63% | View data |
