South Korea - Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, South Korea Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors increased 2.9% year on year. At $89.73 Million PPP in 2019, the country was number 8 comparing other countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors. South Korea is overtaken by Australia, which was ranked number 7 at $94.85 Million PPP and is followed by Netherlands at $85.37 Million PPP. Germany ranked the highest with $370.39 Million PPP in 2019, a growth of 1% compared to 2018. France, United States and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. Chile recorded the best 5 years average growth at +150.4% per year, while Iceland witnessed the worst performance at -70.5% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 89.73 |
| 2018 | 92.73 |
| 2017 | 78.48 |
| 2016 | 55.58 |
| 2015 | 104.04 |
How does South Korea rank in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors?
| # | 46 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Germany
|
370.39 | 2019 | +1.0 % | +13.5 % | View data | |
| 2 |
#2
France
|
165.70 | 2019 | +4.2 % | +4.8 % | View data | |
| 7 |
#7
Australia
|
94.85 | 2019 | +0.4 % | -2.5 % | View data | |
| 8 |
#8
South Korea
|
89.73 | 2019 | -3.2 % | +2.9 % | View data | |
| 9 |
#9
Netherlands
|
85.37 | 2019 | +0.9 % | +0.5 % | View data | |