The country was number 26 in 2023, Estonia overtook $506.57 Million PPP. Germany, South Korea and the United Kingdom respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise Expenditure on R&D in All Fields?
| # | 27 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 143,960 | 2023 | +1.61% | +1.05% | View data |
| 2 | 2 Germany | 109,100 | 2023 | +2.93% | +2.16% | View data |
| 3 | 3 South Korea | 105,100 | 2023 | +5.29% | +5.5% | View data |
| 4 | 4 United Kingdom | 76,230 | 2023 | +4.71% | +5.04% | View data |
| 5 | 5 Taiwan | 60,580 | 2023 | +12.82% | +13.33% | View data |
| 24 | 24 Chile | 688.3 | 2023 | +1.52% | +1.34% | View data |
| 25 | 25 Estonia | 607.79 | 2023 | +3.54% | +16.16% | View data |
| 26 | 26 Iceland | 506.57 | 2023 | +9.03% | +14.3% | |
| 27 | 27 Latvia | 195.14 | 2023 | +3.46% | +15.61% | View data |
