The country came in number 31 in 2023, Greece overtook 0.54 Percent of GDP. Taiwan, Japan and Israel respectively were numbers 2, 3 and 4 in this ranking.
How does Luxembourg 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 |
| 29 | 29 Ireland | 0.61 | 2023 | +0.31% | +1.24% | View data |
| 30 | 30 Greece | 0.55 | 2023 | +4.07% | +3.04% | View data |
| 31 | 31 Luxembourg | 0.54 | 2023 | -1.77% | -1.9% | |
| 32 | 32 Cyprus | 0.44 | 2023 | +11.43% | +15.67% | View data |
| 33 | 33 Croatia | 0.42 | 2023 | +1.88% | +6.24% | View data |
