The country ranked number 29 in 2023, Russia came ahead 0.58 Percent of GDP. The United States, Belgium and Japan respectively ranked numbers 2, 3 and 4 in this ranking.
How does Luxembourg 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 |
| 28 | 28 Croatia | 0.66 | 2023 | +6.26% | +7.69% | View data |
| 29 | 29 Russia | 0.6 | 2023 | -0.33% | +1.86% | View data |
| 30 | 30 Luxembourg | 0.58 | 2023 | -1.54% | -1.55% | |
| 31 | 31 Bulgaria | 0.54 | 2023 | +2.65% | +0.037% | View data |
| 32 | 32 Slovakia | 0.54 | 2023 | +3.83% | +3.7% | View data |
