The country came in number 18 in 2023, Portugal overtook $5.46 Million PPP. Germany, Japan and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise R&D Expenditure in Manufacture of Instruments and Appliances for Measuring, Testing and Navigation; Watches and Clocks?
| # | 20 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,690 | 2023 | +1.63% | +0.25% | View data |
| 2 | 2 Germany | 5,760 | 2023 | +3.04% | +4.61% | View data |
| 3 | 3 Japan | 2,240 | 2023 | +1.75% | -1.37% | View data |
| 4 | 4 South Korea | 1,380 | 2023 | +3.4% | +9.14% | View data |
| 5 | 5 United Kingdom | 1,120 | 2023 | +1.68% | +1.18% | View data |
| 16 | 16 Slovenia | 13.89 | 2023 | -1.3% | -3.14% | View data |
| 17 | 17 Portugal | 8.63 | 2023 | +5.15% | +8.35% | View data |
| 18 | 18 Iceland | 5.47 | 2023 | +7.33% | +15.24% | |
| 19 | 19 Latvia | 4.18 | 2023 | +1.53% | -2.96% | View data |
| 20 | 20 Estonia | 2.44 | 2023 | +3.84% | +67.26% | View data |
