The United States leads global higher education expenditure on R&D financed by the business enterprise sector, followed by Germany and the United Kingdom. Most countries exhibit positive growth, with Russia and Mexico experiencing the largest year-on-year increases in 2023. However, certain countries, such as Canada, Sweden, and Israel, show declines in this expenditure. Over the past five years, the increasing involvement of business enterprises in financing R&D highlights the sector's growing role in academia.
Future trends to watch include the impact of geopolitical shifts, technological advancements, and policy changes on R&D expenditure patterns globally. Additionally, as businesses emphasize innovation, increased investment in collaborative research with higher education institutions is anticipated.
Top countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 21.75 | 2023 | +1.82% | +1.96% | View data |
| 2 | 2 Germany | 19.61 | 2023 | +3.38% | +3.41% | View data |
| 3 | 3 United Kingdom | 10.87 | 2023 | +4.25% | +3.38% | View data |
| 4 | 4 Russia | 9.36 | 2023 | +9.32% | +10.61% | View data |
| 5 | 5 South Korea | 8.67 | 2023 | +7.72% | +8.46% | View data |
| 6 | 6 Canada | 4.81 | 2023 | +2.08% | -0.15% | View data |
| 7 | 7 Italy | 3.6 | 2023 | +6.26% | +7.56% | View data |
| 8 | 8 Japan | 3.43 | 2023 | +1.64% | +1.61% | View data |
| 9 | 9 Netherlands | 2.87 | 2023 | +3% | +2.63% | View data |
| 10 | 10 Taiwan | 2.56 | 2023 | +5.28% | +7.96% | View data |
