The country ranked number 2 in 2023, the United States overtook $623,390 Million PPP. China, Japan and South Korea respectively came in numbers 2, 3 and 4 in this ranking.
How does China rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 657,410 | 2023 | +9.8% | +11.04% | View data |
| 2 | 2 China | 623,390 | 2023 | +11.26% | +12.61% | |
| 3 | 3 Japan | 141,380 | 2023 | +1.63% | +1.01% | View data |
| 4 | 4 South Korea | 98,990 | 2023 | +5.33% | +5.66% | View data |
| 5 | 5 Germany | 96,210 | 2023 | +2.76% | +1.65% | View data |
