The country came in number 5 in 2023, Germany came ahead $5,000 Million PPP = 2015. The United States, Japan and Germany respectively were numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Business Enterprise R&D Expenditure in Manufacture of Machinery and Equipment?
| # | 21 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 51,750 | 2023 | +3.96% | +8.44% | View data |
| 2 | 2 United States | 14,480 | 2023 | +1.15% | +0.62% | View data |
| 3 | 3 Japan | 13,550 | 2023 | +4.85% | -0.27% | View data |
| 4 | 4 Germany | 8,560 | 2023 | +1.24% | -0.4% | View data |
| 5 | 5 South Korea | 5,000 | 2023 | +4.02% | +4.21% | |
| 6 | 6 Taiwan | 1,090 | 2023 | +3.26% | +2.54% | View data |
| 7 | 7 Canada | 692.41 | 2023 | +2.07% | +0.28% | View data |
