The country was number 7 in 2023, Sweden came ahead 1.92 Percent of GDP. Taiwan, Japan and Israel respectively came in numbers 2, 3 and 4 in this ranking.
How does China rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 45 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.88 | 2023 | +2.8% | +2.76% | View data |
| 2 | 2 Taiwan | 3.48 | 2023 | +5.21% | +5.56% | View data |
| 3 | 3 Japan | 2.56 | 2023 | +0.31% | +0.33% | View data |
| 4 | 4 Israel | 2.37 | 2023 | +1.85% | +6.57% | View data |
| 5 | 5 Belgium | 2.26 | 2023 | +2.56% | +4.85% | View data |
| 6 | 6 Sweden | 2 | 2023 | -0.78% | -0.44% | View data |
| 7 | 7 China | 1.92 | 2023 | +2.95% | +3.97% | |
| 8 | 8 Finland | 1.84 | 2023 | +3.51% | +4.15% | View data |
| 9 | 9 Germany | 1.81 | 2023 | -0.78% | -1.32% | View data |
