The country was number 16 in 2023, the Czech Republic came ahead 1.3 Percent of GDP. The United States, Belgium and Japan respectively were numbers 2, 3 and 4 in this ranking.
How does Hungary 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 |
| 15 | 15 France | 1.48 | 2023 | +0.27% | +0.48% | View data |
| 16 | 16 Czech Republic | 1.32 | 2023 | +2.64% | +2.37% | View data |
| 17 | 17 Hungary | 1.3 | 2023 | +3.09% | +2.66% | |
| 18 | 18 United Kingdom | 1.24 | 2023 | +1.14% | +1.23% | View data |
| 19 | 19 Norway | 1.19 | 2023 | +1.97% | +2.54% | View data |
