Romania - Share of Higher Education Expenditure on R&D Financed by the Business Sector
Since 2014, Romania Share of Higher Education Expenditure on R&D Financed by the Business Sector fell by 2.2points year on year. In 2019, the country was ranked number 21 comparing other countries in Share of Higher Education Expenditure on R&D Financed by the Business Sector with 6.21 Percent. Romania is overtaken by South Africa, which was ranked number 20 with 6.27 Percent and is followed by Hungary at 6.1 Percent. Russia lead the ranking with 28.95 Percent in 2019, that is -0.4points versus 2018. China, Bulgaria and Ukraine respectively ranked number 2, 3 and 4 in this ranking. Italy witnessed the best average annual growth at +32.9points per year, while Iceland was the worst growing country at -62points per year.
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| Date | Percent |
|---|---|
| 2019 | 6.21 |
| 2018 | 6.28 |
| 2017 | 6.61 |
| 2016 | 6.23 |
| 2015 | 5.06 |
How does Romania rank in Share of Higher Education Expenditure on R&D Financed by the Business Sector?
| # | 52 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Russia
|
28.95 % | 2019 | -0.4 % | +1.2 % | View data | |
| 2 |
#2
China
|
26.37 % | 2019 | -0.7 % | -4.8 % | View data | |
| 20 |
#20
South Africa
|
6.27 % | 2019 | -7.1 % | -9.9 % | View data | |
| 21 |
#21
Romania
|
6.21 % | 2019 | -1.2 % | -2.2 % | View data | |
| 22 |
#22
Hungary
|
6.10 % | 2019 | -6.2 % | -7.6 % | View data | |