The country came in number 38 in 2023, Bulgaria came ahead 0.01 Percent of GDP. South Korea, Hungary and the United Kingdom respectively ranked numbers 2, 3 and 4 in this ranking.
How does Latvia rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 46 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 0.35 | 2023 | +0.062% | +2.57% | View data |
| 2 | 2 South Korea | 0.24 | 2023 | +2.62% | +8.43% | View data |
| 3 | 3 Hungary | 0.22 | 2023 | +2.44% | +3.3% | View data |
| 4 | 4 United Kingdom | 0.15 | 2021 | -1% | View data | |
| 5 | 5 United States | 0.14 | 2023 | +1.38% | +2.85% | View data |
| 36 | 36 Mexico | 0.016 | 2023 | +2.6% | +3.8% | View data |
| 37 | 37 Bulgaria | 0.009 | 2023 | +6.09% | +0.075% | View data |
| 38 | 38 Latvia | 0.008 | 2023 | +1.08% | +6.04% | |
| 39 | 39 Lithuania | 0.008 | 2023 | +2.19% | +4.64% | View data |
| 40 | 40 Costa Rica | 0.005 | 2023 | -5.4% | -5.25% | View data |
