The country came in number 26 in 2023, Latvia overtook $67.36 Million PPP.
How does Iceland rank in Business Enterprise R&D Expenditure in Manufacturing?
| # | 26 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 500,010 | 2023 | +10.75% | +11.09% | View data |
| 2 | 2 United States | 383,870 | 2023 | +6.12% | +6.97% | View data |
| 3 | 3 Japan | 125,910 | 2023 | +1.49% | +1.27% | View data |
| 4 | 4 Germany | 89,830 | 2023 | +2.71% | +1.42% | View data |
| 5 | 5 South Korea | 88,630 | 2023 | +4.21% | +4.38% | View data |
| 24 | 24 Estonia | 146.73 | 2023 | +2.94% | +12.71% | View data |
| 25 | 25 Latvia | 91.39 | 2023 | +5.6% | +15.1% | View data |
| 26 | 26 Iceland | 67.36 | 2023 | +2.33% | -0.49% | |
