The country was number 17 in 2023, Portugal overtook 0.08 Percent of GDP. South Korea, Hungary and the United Kingdom respectively ranked numbers 2, 3 and 4 in this ranking.
How does New Zealand 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 |
| 15 | 15 Sweden | 0.084 | 2023 | -2.17% | -5.17% | View data |
| 16 | 16 Portugal | 0.081 | 2023 | +2.07% | +15.84% | View data |
| 17 | 17 New Zealand | 0.076 | 2023 | +1.61% | -3.77% | |
| 18 | 18 Czech Republic | 0.074 | 2023 | +0.06% | -1.98% | View data |
| 19 | 19 Spain | 0.069 | 2023 | -1.66% | +1.71% | View data |
