The country came in number 20 in 2022, Malaysia came ahead 5.61 Percent of Total HERD. China, Bulgaria and South Korea respectively were numbers 2, 3 and 4 in this ranking.
How does the United States rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.61 | 2023 | +0.019% | +4.19% | View data |
| 2 | 2 Russia | 30.46 | 2023 | +0.37% | +0.95% | View data |
| 3 | 3 Bulgaria | 18.84 | 2023 | +0.054% | -0.43% | View data |
| 4 | 4 South Korea | 14.03 | 2023 | -0.046% | -0.31% | View data |
| 5 | 5 Taiwan | 13.21 | 2023 | +4.36% | +5.88% | View data |
| 19 | 19 Australia | 6.08 | 2023 | +2.64% | +4.41% | View data |
| 20 | 20 Singapore | 5.78 | 2023 | +1.68% | +4.68% | View data |
| 21 | 21 United States | 4.94 | 2023 | -1.32% | -1.68% | |
| 22 | 22 Lithuania | 4.92 | 2023 | -6.86% | -5.17% | View data |
| 23 | 23 Romania | 4.83 | 2023 | -0.26% | -3.32% | View data |
