X-Y scatter chart showing on the Y-axis the number of universities amongst the top 500 worldwide as a function of the national GDP, and the correlation line corresponding to the correlation coefficient of R² = 0.88

Top ranked universities are strongly correlated (r = 0.94, R² = 0.88) with the weight of the national economy, as measured by the Gross Domestic Product (GDP). The higher the GDP, the more a nation has Universities ranked amongst the top 500 worldwide. The linear correlation line (in red) shows that, while some nations are ahead (e.g. USA, UK, Germany, Australia) or behind the trend (e.g. China, Japan, Brazil, India), they all reveal the relationship between university riches and economic muscle. The question remains: do nations have fine universities because they are wealthy, or are they wealthy because they have fine universities?

 

Number of 500 top-ranked Universities
correlated to Gross Domestic Product (GDP)
2014

Nation

Number

GDP ¹
(USD billion)

Argentina1611,755
Australia191,560,597
Austria6415,844
Belgium7508,116
Brazil62,245,673
Canada211,825,096
Chile2277,199
China449,240,270
Czech1198,450
Denmark5330,814
Egypt1271,973
Finland5256,842
France212,734,949
Germany393,634,823
Greece2241,721
Hungary2124,600
India11,876,797
Iran1368,904
Ireland3217,816
Israel6291,357
Italy212,071,307
Japan194,901,530
Malaysia2312,435
Mexico11,260,915
Netherlands13800,173
New Zealand4182,594
Norway3512,580
Poland2517,543
Portugal3219,962
Russia22,096,777
Saudi Arabia4745,273
Serbia142,521
Singapore2297,941
Slovenia145,378
South Africa4350,630
South Korea101,304,554
Spain121,358,263
Sweden11557,938
Switzerland7650,782
Turkey1820,207
United Kingdom382,522,261
United States14616,800,000
Total500 
Correlation coefficient r0.94 
Determination coefficient R²0.88 
¹ GDP 2013.

 

Sources: Institute of Higher Education, Shanghai, and World Development Indicators database by World Bank.

 

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