Cyprus - Share of Higher Education Expenditure on R&D Financed by the Business Sector
Since 2014, Cyprus Share of Higher Education Expenditure on R&D Financed by the Business Sector grew 12.7points year on year. At 0.92 Percent in 2019, the country was ranked number 45 among other countries in Share of Higher Education Expenditure on R&D Financed by the Business Sector. Cyprus is overtaken by Turkey, which was ranked number 44 at 1.29 Percent and is followed by Slovakia at 0.91 Percent. Russia ranked the highest with 28.95 Percent in 2019, that is -0.4points compared to 2018. China, Bulgaria and Ukraine respectively ranked number 2, 3 and 4 in this ranking. Italy witnessed the best average annual growth at +32.9points per year, while Iceland was the worst growing country at -62points per year.
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| Date | Percent |
|---|---|
| 2019 | 0.92 |
| 2018 | 0.95 |
| 2017 | 1.19 |
| 2016 | 0.68 |
| 2015 | 0.63 |
How does Cyprus rank in Share of Higher Education Expenditure on R&D Financed by the Business Sector?
| # | 52 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Russia
|
28.95 % | 2019 | -0.4 % | +1.2 % | View data | |
| 2 |
#2
China
|
26.37 % | 2019 | -0.7 % | -4.8 % | View data | |
| 44 |
#44
Turkey
|
1.29 % | 2017 | +6.3 % | +5.8 % | View data | |
| 45 |
#45
Cyprus
|
0.92 % | 2019 | -4.0 % | +12.7 % | View data | |
| 46 |
#46
Slovakia
|
0.91 % | 2019 | +38.9 % | -17.9 % | View data | |