Comparison of Countries having TOP 500 University ; 2003~2019 Shanghai Ranking - REVISED

Country Ranking on TOP 500 University: Which country has the most academic universities in the world? Here we compare the number of best 500 universities using Shanghai Ranking (ARWU; Academic Ranking of World Universities). We also show the world top 3 University from 2003~2019.
Academic Ranking of World Universities (ARWU), also known as Shanghai Ranking, is one of the annual publications of world university rankings. The league table was originally compiled and issued by Shanghai Jiao Tong University in 2003, making it the first global university ranking with multifarious indicators.
Since 2009, ARWU has been published and copyrighted annually by Shanghai Ranking Consultancy, an independent organization focusing on higher education. In 2011, a board of international advisory consisting of scholars and policy researchers was established to provide suggestions. The publication currently includes global league tables for institutions and a whole and for a selection of individual subjects, alongside independent regional Greater China Ranking and Macedonian HEIs Ranking.
ARWU is regarded as one of the three most influential and widely observed university rankings, alongside QS World University Rankings and Times Higher Education World University Rankings. It is often praised for the objectivity, stability and transparency of its methodology, but draws some criticism as it does not adequately adjust for the size of the institution, and thus larger institutions would tend to rank above smaller ones.

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