The country came in number 28 in 2022, South Africa came ahead 0.13 Percent of GDP. Germany, Taiwan and the United States respectively ranked numbers 2, 3 and 4 in this ranking.
How does New Zealand rank in Government Expenditure on R&D Financed by Government?
| # | 43 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.48 | 2023 | +1.45% | +1.91% | View data |
| 2 | 2 Germany | 0.39 | 2023 | +0.46% | +2.49% | View data |
| 3 | 3 Russia | 0.32 | 2023 | +1.4% | +1.51% | View data |
| 4 | 4 Taiwan | 0.31 | 2023 | -0.91% | -1.98% | View data |
| 5 | 5 China | 0.3 | 2023 | +1.22% | +1.89% | View data |
| 19 | 19 Bulgaria | 0.18 | 2023 | +1.27% | +3.99% | View data |
| 20 | 20 Italy | 0.18 | 2023 | +0.58% | +3.31% | View data |
| 21 | 21 New Zealand | 0.16 | 2023 | -1.63% | -1.31% | |
| 22 | 22 Malaysia | 0.16 | 2023 | +2.8% | +2.79% | View data |
| 23 | 23 Hungary | 0.15 | 2023 | -0.55% | +2.09% | View data |
