The country ranked number 5 in 2023, Japan overtook 2.54 Percent of GDP. The United States, Belgium and Japan respectively came in numbers 2, 3 and 4 in this ranking.
How does Sweden rank in Business Expenditure on R&D in All Businesses?
| # | 40 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 4.13 | 2023 | +2.84% | +2.64% | View data |
| 2 | 2 United States | 2.81 | 2023 | +2.03% | +5.31% | View data |
| 3 | 3 Belgium | 2.64 | 2023 | +1.42% | +5.22% | View data |
| 4 | 4 Japan | 2.58 | 2023 | +0.27% | +0.18% | View data |
| 5 | 5 Sweden | 2.54 | 2023 | +0.75% | +1.51% | |
| 6 | 6 Switzerland | 2.39 | 2023 | +2.13% | +2.54% | View data |
| 7 | 7 Austria | 2.29 | 2023 | +0.97% | +1.17% | View data |
