The country was number 5 in 2022, Switzerland overtook $15,420 Million PPP. Japan, South Korea and Switzerland respectively ranked numbers 2, 3 and 4 in this ranking.
How does Australia rank in Fixed Investment in Research and Development?
| # | 11 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,001,800 | 2023 | +8.91% | +9.39% | View data |
| 2 | 2 Japan | 218,700 | 2023 | +1.94% | +3.65% | View data |
| 3 | 3 South Korea | 147,860 | 2023 | +7.97% | +8.05% | View data |
| 4 | 4 Switzerland | 49,410 | 2023 | +6.2% | +7.63% | View data |
| 5 | 5 Australia | 18,780 | 2023 | +5.98% | +6.45% | |
| 6 | 6 Israel | 13,990 | 2023 | +5.11% | +7.72% | View data |
| 7 | 7 Mexico | 6,920 | 2023 | +2.74% | +10.03% | View data |
