Global higher education expenditure on R&D shows significant variations by country, with Costa Rica leading at 56.85% of GERD, followed by Latvia and Chile. Noteworthy declines were observed in Estonia, Cyprus, and Portugal in 2023, while Luxembourg, Bulgaria, and South Korea exhibited notable increases. Historical data reveals a mixed trend with some nations like South Korea and India seeing consistent growth over the past five years, while others like the United States and Israel faced declines.
Future trends to watch include the potential for increased investment in technologically advancing economies like China and India. The variability across countries indicates that policy changes, economic conditions, and prioritization of R&D could significantly impact future spending patterns in higher education R&D.
Top countries in Higher Education Expenditure on R&D by Country
| # | 10 Countries | Percent of Total GERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Costa Rica | 56.85 | 2023 | -1.18% | -1.08% | View data |
| 2 | 2 Latvia | 50.81 | 2023 | +3.99% | -0.6% | View data |
| 3 | 3 Chile | 48.54 | 2023 | +0.65% | +0.64% | View data |
| 4 | 4 Australia | 38.01 | 2023 | +1.58% | +1.75% | View data |
| 5 | 5 Canada | 37.78 | 2023 | +0.63% | -0.58% | View data |
| 6 | 6 Malta | 36.06 | 2023 | +0.11% | +0.1% | View data |
| 7 | 7 Lithuania | 35.37 | 2023 | +0.058% | -0.32% | View data |
| 8 | 8 Poland | 35.26 | 2023 | +0.85% | +2.17% | View data |
| 9 | 9 Denmark | 34.24 | 2023 | +0.061% | +0.37% | View data |
| 10 | 10 Estonia | 33.3 | 2023 | -0.45% | -5.65% | View data |
