The country came in number 37 in 2023, Latvia overtook 0.18 Percent of GDP. The United States, Belgium and Japan respectively were numbers 2, 3 and 4 in this ranking.
How does Montenegro rank in Intramural R&D Expenditure in the Business Enterprise Sector?
| # | 40 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 4.1 | 2023 | +2.45% | +2.47% | View data |
| 2 | 2 United States | 2.81 | 2023 | +2.11% | +5.33% | View data |
| 3 | 3 Belgium | 2.66 | 2023 | +1.57% | +5.32% | View data |
| 4 | 4 Japan | 2.64 | 2023 | +0.3% | +0.63% | View data |
| 5 | 5 Sweden | 2.47 | 2023 | 0% | +0.95% | View data |
| 36 | 36 Romania | 0.29 | 2023 | 0% | -0.62% | View data |
| 37 | 37 Latvia | 0.2 | 2023 | 0% | +4.27% | View data |
| 38 | 38 Montenegro | 0.18 | 2023 | +2.86% | -1.38% | |
| 39 | 39 Macedonia | 0.096 | 2023 | -1.03% | -1.5% | View data |
| 40 | 40 Bosnia and Herzegovina | 0.071 | 2021 | -8.97% | View data | |
