In 2023, the highest government-financed higher education R&D expenditures as a percentage of total HERD were seen in Egypt (98.3%), Mexico (94.01%), and Argentina (92.71%). Countries like the United Kingdom (38.54%) and Malaysia (15.47%) had significantly lower percentages. Year-on-year variations indicate some notable trends, with Latvia (4.52%), Bulgaria (3.81%), and Colombia (3.28%) showing strong positive growth, whereas Malaysia (-8.53%), Ireland (-2.92%), and China (-2.65%) experienced declines. Over the last five years, some countries have exhibited consistent trends, such as the steady increase in expenditure in many European nations and the variability in Asian countries.
Future trends to watch for include:
- Increasing government-funded R&D in Eastern Europe driven by policy changes.
- Potential declines in certain Asian countries if economic constraints persist.
- Continued growth in Latin America, particularly Colombia and Chile, suggesting robust government support for higher education R&D.
- Possible stabilization or gradual increases in developed nations like the U.S. and European countries due to sustained governmental commitments to long-term R&D strategies.
Top countries in Higher Education Expenditure on R&D Financed by Government by Country
| # | 10 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 98.3 | 2023 | -0.084% | -0.14% | View data |
| 2 | 2 Mexico | 94.01 | 2023 | -0.16% | -0.065% | View data |
| 3 | 3 Argentina | 92.71 | 2023 | +0.0052% | -0.015% | View data |
| 4 | 4 Luxembourg | 89.54 | 2023 | -0.48% | -0.64% | View data |
| 5 | 5 Norway | 87.31 | 2023 | -0.62% | -0.62% | View data |
| 6 | 6 Australia | 86.47 | 2023 | -0.37% | -0.67% | View data |
| 7 | 7 Austria | 84.36 | 2023 | -0.088% | -0.14% | View data |
| 8 | 8 Germany | 82.96 | 2023 | +0.11% | +0.13% | View data |
| 9 | 9 Singapore | 80.87 | 2023 | -0.44% | -0.8% | View data |
| 10 | 10 Poland | 80.43 | 2023 | -0.029% | +0.62% | View data |
