The country ranked number 29 in 2023, Luxembourg overtook 0.04 Percent of GDP. South Korea, Hungary and the United Kingdom respectively ranked numbers 2, 3 and 4 in this ranking.
How does Italy rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 46 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 0.35 | 2023 | +0.062% | +2.57% | View data |
| 2 | 2 South Korea | 0.24 | 2023 | +2.62% | +8.43% | View data |
| 3 | 3 Hungary | 0.22 | 2023 | +2.44% | +3.3% | View data |
| 4 | 4 United Kingdom | 0.15 | 2021 | -1% | View data | |
| 5 | 5 United States | 0.14 | 2023 | +1.38% | +2.85% | View data |
| 27 | 27 Denmark | 0.042 | 2023 | -0.9% | +0.0036% | View data |
| 28 | 28 Luxembourg | 0.04 | 2023 | +0.14% | -0.23% | View data |
| 29 | 29 Italy | 0.04 | 2023 | -0.039% | -2.14% | |
| 30 | 30 Ukraine | 0.038 | 2023 | -1.97% | -3.71% | View data |
| 31 | 31 Ireland | 0.029 | 2023 | -0.34% | -5.73% | View data |
