South Korea - Higher Education Expenditure on R&D Financed by the Business Enterprise Sector
Since 2014, South Korea Higher Education Expenditure on R&D Financed by the Business Enterprise Sector jumped by 9.6% year on year. With $1,172.05 Million PPP in 2019, the country was number 5 among other countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector. South Korea is overtaken by Russia, which was ranked number 4 at $1,193.21 Million PPP and is followed by Canada at $962.49 Million PPP. China topped the ranking with $9,388.03 Million PPP in 2019, an increase of 1.9% compared to 2018. Italy recorded the best 5 years average growth at +38.6% per year, while Croatia recorded the worst performance at -35.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 1,172.05 |
| 2018 | 1,153.90 |
| 2017 | 1,050.70 |
| 2016 | 929.17 |
| 2015 | 863.87 |
Download all data from 1995 to 2019
How does South Korea rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 54 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
9,388.03 | 2019 | +1.9 % | +3.1 % | View data | |
| 2 |
#2
United States
|
4,090.77 | 2019 | +1.1 % | +5.1 % | View data | |
| 4 |
#4
Russia
|
1,193.21 | 2019 | +2.3 % | +2.1 % | View data | |
| 5 |
#5
South Korea
|
1,172.05 | 2019 | +1.6 % | +9.6 % | View data | |
| 6 |
#6
Canada
|
962.49 | 2019 | +1.4 % | +3.5 % | View data | |