The country came in number 4 in 2023, Slovenia overtook 0.11 Percent of GDP. The United States, Slovenia and New Zealand respectively ranked numbers 2, 3 and 4 in this ranking.
How does New Zealand rank in Government-Financed Business Enterprise Expenditure on R&D?
| # | 21 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.21 | 2023 | +1.9% | +5.82% | View data |
| 2 | 2 United States | 0.14 | 2023 | +0.07% | +2.98% | View data |
| 3 | 3 Slovenia | 0.12 | 2023 | +0.87% | +5.38% | View data |
| 4 | 4 New Zealand | 0.11 | 2023 | +3.39% | +4.23% | |
| 5 | 5 Netherlands | 0.1 | 2023 | +1.19% | +2.32% | View data |
| 6 | 6 Belgium | 0.092 | 2023 | +0.33% | +4.19% | View data |
