The country came in number 36 in 2023, Argentina overtook $17.75 Million PPP. China, Russia and the United Kingdom respectively were numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 44 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 29,620 | 2023 | +2.29% | +4.28% | View data |
| 2 | 2 China | 16,420 | 2023 | +8.27% | +7.2% | View data |
| 3 | 3 Russia | 14,090 | 2023 | +2.62% | +4.25% | View data |
| 4 | 4 United Kingdom | 4,200 | 2021 | +6.52% | View data | |
| 5 | 5 France | 3,830 | 2023 | +0.49% | +4.8% | View data |
| 34 | 34 Kazakhstan | 22.09 | 2023 | -9.11% | -6.96% | View data |
| 35 | 35 Argentina | 21.46 | 2023 | -4.87% | -3.49% | View data |
| 36 | 36 Iceland | 17.75 | 2023 | +3.38% | +0.086% | |
| 37 | 37 Cyprus | 16.73 | 2023 | +12.7% | +47.61% | View data |
| 38 | 38 Colombia | 16.08 | 2023 | +0.48% | +2.97% | View data |
