The country ranked number 32 in 2023, Ireland overtook 0.03 Percent of GDP. South Korea, Hungary and the United Kingdom respectively were numbers 2, 3 and 4 in this ranking.
How does Australia rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 46 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 0.35 | 2023 | +0.062% | +2.57% | View data |
| 2 | 2 South Korea | 0.24 | 2023 | +2.62% | +8.43% | View data |
| 3 | 3 Hungary | 0.22 | 2023 | +2.44% | +3.3% | View data |
| 4 | 4 United Kingdom | 0.15 | 2021 | -1% | View data | |
| 5 | 5 United States | 0.14 | 2023 | +1.38% | +2.85% | View data |
| 30 | 30 Ukraine | 0.038 | 2023 | -1.97% | -3.71% | View data |
| 31 | 31 Ireland | 0.029 | 2023 | -0.34% | -5.73% | View data |
| 32 | 32 Australia | 0.026 | 2023 | +0.068% | +0.93% | |
| 33 | 33 Japan | 0.024 | 2023 | -0.3% | +2.65% | View data |
| 34 | 34 Chile | 0.018 | 2023 | +7.63% | -1.13% | View data |
