In 2023, the United States led in higher education-funded R&D expenditures, with $22.71 billion PPP, marking a 2.55% increase from the prior year. Japan followed with $8.74 billion, experiencing a slight contraction of 0.23%. South Korea showed a 0.84% uptick, reaching $0.57294 billion. Conversely, Mexico's expenditure declined by 2.96% to $0.18225 billion. The Czech Republic and Greece saw positive growths of 2.8% and 2.01% respectively, with Slovakia observing the highest increase at 3.2% to $0.02889 billion. Looking at the last five years, the CAGR reflects moderate yet persistent growth across most nations.
Future trends to watch include technological innovations driving increased R&D spending in emerging and established markets. The continuous focus on knowledge-based economies will likely bolster education-driven R&D investments, with potential growth spikes as countries attempt to scale their global competitiveness through innovation. Additionally, geopolitical dynamics and policy changes could further impact these expenditures. Monitoring these factors will be essential to understanding shifts in R&D funding landscapes.
Top countries in Gross Domestic Expenditure on R&D Financed by Higher Education by Country
| # | 7 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22,710 | 2023 | +2.44% | +2.55% | View data |
| 2 | 2 Japan | 8,740 | 2023 | -0.29% | -0.23% | View data |
| 3 | 3 South Korea | 572.94 | 2023 | +1.09% | +0.84% | View data |
| 4 | 4 Mexico | 182.25 | 2023 | -2.16% | -2.96% | View data |
| 5 | 5 Czech Republic | 89.46 | 2023 | +3.36% | +2.8% | View data |
| 6 | 6 Greece | 75.01 | 2023 | +1.5% | +2.01% | View data |
| 7 | 7 Slovakia | 28.89 | 2023 | +2.09% | +3.2% | View data |
