Australia - Government Budget Allocations for R&D in Education
Since 2014, Australia Government Budget Allocations for R&D in Education increased 244.2% year on year. With $5,180.57 Million PPP in 2019, the country was ranked number 10 comparing other countries in Government Budget Allocations for R&D in Education. Australia is overtaken by Mexico, which was ranked number 9 with $5,403.62 Million PPP and is followed by Sweden with $4,150.82 Million PPP. United States lead the ranking with $147,945 Million PPP in 2019, that is a growth of 2.4% versus 2018. Germany, Japan and Russia respectively ranked number 2, 3 and 4 in this ranking. Sweden recorded the best 5 years average growth at +267.6% per year, while Finland witnessed the worst performance at -75% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 5,180.57 |
| 2018 | 5,057.18 |
| 2017 | 5,257.64 |
| 2016 | 9.97 |
| 2015 | 10.67 |
How does Australia rank in Government Budget Allocations for R&D in Education?
| # | 38 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
147,945.00 | 2019 | +2.4 % | +5.6 % | View data | |
| 2 |
#2
Germany
|
45,204.87 | 2019 | +6.3 % | +6.4 % | View data | |
| 9 |
#9
Mexico
|
5,403.62 | 2019 | -3.4 % | -5.5 % | View data | |
| 10 |
#10
Australia
|
5,180.57 | 2019 | +2.4 % | +244.2 % | View data | |
| 11 |
#11
Sweden
|
4,150.82 | 2019 | +17,952.5 % | +267.6 % | View data | |