The country came in number 25 in 2023, Latvia came ahead $51.38 Million PPP = 2015.
How does Iceland rank in Business Enterprise R&D Expenditure in Manufacturing?
| # | 25 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 436,400 | 2023 | +7.68% | +8.14% | View data |
| 2 | 2 United States | 321,050 | 2023 | +3.44% | +4.31% | View data |
| 3 | 3 Japan | 116,740 | 2023 | +0.3% | -0.32% | View data |
| 4 | 4 South Korea | 80,620 | 2023 | +3.59% | +3.44% | View data |
| 5 | 5 Germany | 76,970 | 2023 | +1.66% | +0.41% | View data |
| 23 | 23 Estonia | 118.93 | 2023 | +0.52% | +9.98% | View data |
| 24 | 24 Latvia | 60.71 | 2023 | +3.55% | +8.02% | View data |
| 25 | 25 Iceland | 51.38 | 2023 | -0.32% | -4.51% | |
