The country came in number 33 in 2023, Serbia overtook 0.43 Percent of GDP. The United States, Belgium and Japan respectively were numbers 2, 3 and 4 in this ranking.
How does Cyprus 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% | View data |
| 32 | 32 Slovakia | 0.54 | 2023 | +3.83% | +3.7% | View data |
| 33 | 33 Serbia | 0.48 | 2023 | +6.4% | +6.07% | View data |
| 34 | 34 Cyprus | 0.43 | 2023 | +6.47% | +11.44% | |
| 35 | 35 Malta | 0.43 | 2023 | +0.94% | +3.52% | View data |
| 36 | 36 Romania | 0.29 | 2023 | +1.37% | 0% | View data |
