South Korea - Applied Research Expenditures by Higher Education
Since 2014, South Korea Applied Research Expenditures by Higher Education was up 4.9% year on year. In 2019, the country was ranked number 8 comparing other countries in Applied Research Expenditures by Higher Education with $2,690.69 Million PPP. South Korea is overtaken by Italy, which was ranked number 7 with $2,820.67 Million PPP and is followed by Netherlands with $2,534.36 Million PPP. United States lead the ranking with $21,344.6 Million PPP in 2019, that is an increase of 2.5% versus 2018. China, United Kingdom and Japan respectively ranked number 2, 3 and 4 in this ranking. China recorded the best 5 years average growth at +8.4% per year, while Lithuania recorded the worst performance at -8.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 2,690.69 |
| 2018 | 2,644.26 |
| 2017 | 2,363.80 |
| 2016 | 2,463.85 |
| 2015 | 2,314.03 |
How does South Korea rank in Applied Research Expenditures by Higher Education?
| # | 35 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
21,344.60 | 2019 | +2.5 % | +5.5 % | View data | |
| 2 |
#2
China
|
20,376.31 | 2019 | +1.7 % | +8.4 % | View data | |
| 7 |
#7
Italy
|
2,820.67 | 2019 | +1.3 % | +1.2 % | View data | |
| 8 |
#8
South Korea
|
2,690.69 | 2019 | +1.8 % | +4.9 % | View data | |
| 9 |
#9
Netherlands
|
2,534.36 | 2019 | +1.6 % | +2.5 % | View data | |