South Korea - Gross Domestic Expenditure on R&D Financed by Government and Higher Education
Since 2013, South Korea Gross Domestic Expenditure on R&D Financed by Government and Higher Education grew 3.9% year on year. In 2018, the country was number 3 comparing other countries in Gross Domestic Expenditure on R&D Financed by Government and Higher Education at $19,451.6 Million PPP. South Korea is overtaken by Russia, which was number 2 at $31,814.06 Million PPP and is followed by United Kingdom at $13,748.52 Million PPP. Japan lead the ranking with $38,604.84 Million PPP in 2018, that is an increase of 1.4% compared to 2017. Slovakia recorded the best 5 years average growth at +5.7% per year, while Slovenia witnessed the worst performance at -1.8% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2018 | 19,451.60 |
| 2017 | 18,852.89 |
| 2016 | 18,241.96 |
| 2015 | 17,618.57 |
| 2014 | 17,069.20 |
Download all data from 2000 to 2018
How does South Korea rank in Gross Domestic Expenditure on R&D Financed by Government and Higher Education?
| # | 20 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | |
|---|---|---|---|---|---|---|
| 1 |
#1
Japan
|
38,604.84 | 2018 | +1.4 % | +0.5 % | View data |
| 2 |
#2
Russia
|
31,814.06 | 2018 | +3.3 % | +4.8 % | View data |
| 3 |
#3
South Korea
|
19,451.60 | 2018 | +3.2 % | +3.9 % | View data |
| 4 |
#4
United Kingdom
|
13,748.52 | 2018 | +1.2 % | +1.6 % | View data |
| 5 |
#5
Canada
|
12,676.91 | 2018 | +1.9 % | +1.5 % | View data |