Luxembourg - Government Expenditure on R&D Financed by Higher Education
Since 2013, Luxembourg Government Expenditure on R&D Financed by Higher Education rose 5.4% year on year. At $15.16 Million PPP in 2018, the country was number 6 among other countries in Government Expenditure on R&D Financed by Higher Education. Luxembourg is overtaken by South Korea, which was ranked number 5 at $17.64 Million PPP and is followed by Spain at $12.84 Million PPP. Japan topped the ranking with $52.01 Million PPP in 2018, that is a growth of 4.4% compared to 2017. United Kingdom, Netherlands and Russia respectively ranked number 2, 3 and 4 in this ranking. Russia witnessed the best average annual growth at +15.6% per year, while Turkey witnessed the worst performance at -28.9% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2018 | 15.16 |
| 2017 | 14.28 |
| 2016 | 13.38 |
| 2015 | 12.46 |
| 2014 | 11.87 |
How does Luxembourg rank in Government Expenditure on R&D Financed by Higher Education?
| # | 13 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Japan
|
52.01 | 2018 | +4.4 % | +5.4 % | View data | |
| 2 |
#2
United Kingdom
|
22.37 | 2018 | +0.4 % | +2.0 % | View data | |
| 5 |
#5
South Korea
|
17.64 | 2018 | +4.1 % | +12.3 % | View data | |
| 6 |
#6
Luxembourg
|
15.16 | 2018 | +6.2 % | +5.4 % | View data | |
| 7 |
#7
Spain
|
12.84 | 2018 | +2.5 % | +9.5 % | View data | |