The country was number 4 in 2022, Taiwan came ahead 2.74 Percent of GDP. South Korea, Taiwan and Iceland respectively came in numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Estimated Civil Gross Domestic Expenditure on R&D?
| # | 6 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.77 | 2023 | +1.85% | +3.84% | View data |
| 2 | 2 Iceland | 3.05 | 2023 | +3.74% | +8.82% | |
| 3 | 3 New Zealand | 1.49 | 2023 | +1.22% | +1.73% | View data |
| 4 | 4 Luxembourg | 1 | 2023 | -2.34% | -3.06% | View data |
| 5 | 5 South Africa | 0.53 | 2023 | -2.09% | -4.17% | View data |
