The country was number 40 in 2023, Bulgaria overtook 0.76 Percent of GDP. South Korea, the United States and Belgium respectively ranked numbers 2, 3 and 4 in this ranking.
How does Latvia rank in R&D Expenditure?
| # | 68 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.73 | 2023 | +1.54% | +3.72% | View data |
| 2 | 2 South Korea | 5.22 | 2023 | +2.81% | +2.92% | View data |
| 3 | 3 United States | 3.64 | 2023 | +2.62% | +3.89% | View data |
| 4 | 4 Belgium | 3.49 | 2023 | +0.8% | +4.07% | View data |
| 5 | 5 Sweden | 3.42 | 2023 | +0.0084% | +0.61% | View data |
| 39 | 39 Cyprus | 0.88 | 2023 | +2.95% | +7.49% | View data |
| 40 | 40 Bulgaria | 0.8 | 2023 | +1.67% | +1.17% | View data |
| 41 | 41 Latvia | 0.76 | 2023 | +1.74% | +3.5% | |
| 42 | 42 Malta | 0.67 | 2023 | +0.17% | +2.94% | View data |
| 43 | 43 India | 0.64 | 2023 | -0.29% | -0.63% | View data |
