The country came in number 39 in 2023, Macedonia overtook €8.91 Million.
How does Montenegro rank in Business Expenditure on R&D in All Businesses?
| # | 40 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 614,600 | 2023 | +7.64% | +10.25% | View data |
| 2 | 2 China (except Hong Kong) | 286,700 | 2023 | |||
| 3 | 3 Japan | 120,490 | 2023 | +1.34% | +2% | View data |
| 4 | 4 Germany | 78,920 | 2023 | +2.27% | +1.82% | View data |
| 5 | 5 South Korea | 64,810 | 2023 | +4.11% | +4.11% | View data |
| 38 | 38 Bosnia and Herzegovina | 14.25 | 2021 | +2.25% | View data | |
| 39 | 39 Macedonia | 12.57 | 2023 | +1.95% | +2.28% | View data |
| 40 | 40 Montenegro | 8.91 | 2023 | +4.02% | -0.22% | |
