The country was number 13 in 2023, Malta came ahead 0.03 Percent of GDP. Finland, Sweden and Hungary respectively were numbers 2, 3 and 4 in this ranking.
How does Serbia rank in Business Expenditure on R&D in Manufacturing?
| # | 14 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 1.75 | 2023 | +3.13% | +4.39% | View data |
| 2 | 2 Finland | 1.33 | 2023 | -1.04% | +1.21% | View data |
| 3 | 3 Sweden | 1.31 | 2023 | -3.39% | -5.55% | View data |
| 4 | 4 Hungary | 0.81 | 2021 | View data | ||
| 5 | 5 Czech Republic | 0.75 | 2023 | +0.54% | +0.16% | View data |
| 11 | 11 Croatia | 0.32 | 2023 | +1.27% | View data | |
| 12 | 12 Malta | 0.12 | 2023 | -0.85% | +0.35% | View data |
| 13 | 13 Serbia | 0.025 | 2023 | +8.7% | +2.59% | |
| 14 | 14 Bosnia and Herzegovina | 0.025 | 2021 | View data | ||
