The country ranked number 2 in 2023, the United States overtook $16,560 Million PPP. China, Russia and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does China rank in Business Enterprise Expenditure On R&D Financed by Government?
| # | 9 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22,070 | 2023 | -1.42% | -1.28% | View data |
| 2 | 2 China | 16,560 | 2023 | +3.17% | +3.65% | |
| 3 | 3 Russia | 14,530 | 2023 | +1.37% | +2.3% | View data |
| 4 | 4 South Korea | 3,930 | 2023 | +2.63% | +2.7% | View data |
| 5 | 5 Canada | 1,150 | 2023 | +3.38% | +3.4% | View data |
