The country came in number 29 in 2023, Italy overtook 1.49 Percent of GDP. South Korea, the United States and Belgium respectively ranked numbers 2, 3 and 4 in this ranking.
How does New Zealand rank in R&D Expenditure?
| # | 68 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.73 | 2023 | +1.54% | +3.72% | View data |
| 2 | 2 South Korea | 5.22 | 2023 | +2.81% | +2.92% | View data |
| 3 | 3 United States | 3.64 | 2023 | +2.62% | +3.89% | View data |
| 4 | 4 Belgium | 3.49 | 2023 | +0.8% | +4.07% | View data |
| 5 | 5 Sweden | 3.42 | 2023 | +0.0084% | +0.61% | View data |
| 28 | 28 Spain | 1.54 | 2023 | +3.3% | +4.46% | View data |
| 29 | 29 Italy | 1.49 | 2023 | +1.28% | +0.94% | View data |
| 30 | 30 New Zealand | 1.49 | 2023 | +1.03% | +1.51% | |
| 31 | 31 Croatia | 1.27 | 2023 | +0.99% | +6% | View data |
| 32 | 32 Brazil | 1.16 | 2023 | +0.29% | -0.21% | View data |
