Australia - Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Australia Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors decreased by 2.5% year on year. At $94.85 Million PPP in 2019, the country was ranked number 7 among other countries in Government Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors. Australia is overtaken by Japan, which was ranked number 6 at $102.19 Million PPP and is followed by South Korea with $89.73 Million PPP. Germany lead the ranking with $370.39 Million PPP in 2019, that is a growth of 1% versus 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 | 94.85 |
| 2018 | 94.50 |
| 2017 | |
| 2016 | 85.87 |
| 2015 |
How does Australia 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 | |
| 6 |
#6
Japan
|
102.19 | 2019 | +4.1 % | +2.0 % | 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 | |