The country ranked number 2 in 2022, the United States overtook $446,520 Million PPP. China, Japan and Germany respectively were numbers 2, 3 and 4 in this ranking.
How does China rank in Gross Domestic Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 43 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 665,700 | 2023 | +9.71% | +10.94% | View data |
| 2 | 2 China | 655,680 | 2023 | +11.41% | +12.96% | |
| 3 | 3 Japan | 143,300 | 2023 | +1.69% | +1.05% | View data |
| 4 | 4 Germany | 101,970 | 2023 | +2.74% | +1.65% | View data |
| 5 | 5 South Korea | 101,330 | 2023 | +5.33% | +5.68% | View data |
