The country was number 2 in 2021, the United States overtook $20,080 Million PPP. Taiwan, South Korea and Japan respectively were numbers 2, 3 and 4 in this ranking.
How does Taiwan rank in Business Enterprise R&D Expenditure in Manufacture of Electronic Components and Boards?
| # | 19 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 62,710 | 2023 | +11.25% | +15.09% | View data |
| 2 | 2 Taiwan | 38,380 | 2023 | +16.97% | +18.36% | |
| 3 | 3 South Korea | 16,160 | 2023 | +7.31% | +8.92% | View data |
| 4 | 4 Japan | 13,320 | 2023 | +9.87% | +10.22% | View data |
| 5 | 5 Germany | 2,670 | 2023 | +2.18% | +2.9% | View data |
