The country ranked number 10 in 2023, Germany came ahead 2.12 Percent of GDP. The United States, Belgium and Japan respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland 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 |
| 8 | 8 Finland | 2.19 | 2023 | +2.95% | +3.92% | View data |
| 9 | 9 Germany | 2.19 | 2023 | +0.88% | +0.44% | View data |
| 10 | 10 Iceland | 2.12 | 2023 | +2.51% | +10.54% | |
| 11 | 11 China (except Hong Kong) | 1.99 | 2023 | |||
| 12 | 12 Denmark | 1.73 | 2023 | +0.058% | -1.52% | View data |
