In 2023, Germany led the global landscape in R&D financed from general university funds, with $16.74 billion in PPP, followed by Japan with $11.16 billion. Italy, France, and the Netherlands also showcased strong investments. Poland experienced remarkable growth, increasing by 72.23% year-over-year. Conversely, Hungary saw a decline by 34.29%. Bulgaria's R&D funding surged by 17.41%, indicating a dynamic shift. Notable increases were also observed in the Netherlands and Croatia, emphasizing robust financing growth in some European nations.
Future trends to watch include the continued investments in R&D by European countries such as Poland and Bulgaria, which could reshape the regional R&D competitive landscape. Additionally, monitoring shifts in investment strategies from countries experiencing declines will be crucial to understanding potential global R&D realignments.
Top countries in R&D Financed from General University Funds by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,740 | 2023 | +1.3% | +1.17% | View data |
| 2 | 2 Japan | 11,160 | 2023 | +2.12% | +2.08% | View data |
| 3 | 3 Italy | 6,050 | 2023 | +0.52% | +3.89% | View data |
| 4 | 4 France | 5,120 | 2023 | +1.04% | +2.7% | View data |
| 5 | 5 Netherlands | 4,360 | 2023 | +1.24% | +5.51% | View data |
| 6 | 6 United Kingdom | 4,040 | 2023 | +0.79% | +3.24% | View data |
| 7 | 7 Spain | 3,360 | 2023 | +1.77% | +3.34% | View data |
| 8 | 8 Poland | 2,970 | 2023 | +11.06% | +72.23% | View data |
| 9 | 9 Austria | 2,290 | 2023 | +1.44% | +2.97% | View data |
| 10 | 10 Sweden | 2,010 | 2023 | +2.92% | +0.78% | View data |
