The country was number 5 in 2023, Germany came ahead $88,630 Million PPP. The United States, Japan and Germany respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Business Enterprise R&D Expenditure in Manufacturing?
| # | 26 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 500,010 | 2023 | +10.75% | +11.09% | View data |
| 2 | 2 United States | 383,870 | 2023 | +6.12% | +6.97% | View data |
| 3 | 3 Japan | 125,910 | 2023 | +1.49% | +1.27% | View data |
| 4 | 4 Germany | 89,830 | 2023 | +2.71% | +1.42% | View data |
| 5 | 5 South Korea | 88,630 | 2023 | +4.21% | +4.38% | |
| 6 | 6 Taiwan | 55,610 | 2023 | +12.16% | +13.4% | View data |
| 7 | 7 Italy | 17,910 | 2023 | +3.17% | +2.63% | View data |
