The country was number 4 in 2023, Japan came ahead $93,420 PPP. The United States, Japan and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Business Enterprise Expenditure on R&D?
| # | 27 Countries | US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 527,960 | 2023 | +4.06% | +4.23% | View data |
| 2 | 2 United States | 477,260 | 2023 | +2.47% | +2.49% | View data |
| 3 | 3 Japan | 147,030 | 2023 | +1.56% | +1.56% | View data |
| 4 | 4 South Korea | 93,420 | 2023 | +3.46% | +3.4% | |
| 5 | 5 Taiwan | 40,910 | 2023 | +3.44% | +3.28% | View data |
| 6 | 6 Russia | 25,850 | 2023 | +1.52% | +2.3% | View data |
