The country was number 2 in 2023, South Korea overtook $54,640 Million PPP. Taiwan, Russia and Canada respectively came in numbers 2, 3 and 4 in this ranking.
How does Taiwan rank in Business Enterprise Expenditure on R&D in Engineering and Technology?
| # | 14 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 78,780 | 2023 | +5.11% | +4.85% | View data |
| 2 | 2 Taiwan | 53,030 | 2023 | +13.75% | +13.93% | |
| 3 | 3 Russia | 27,450 | 2023 | +2.42% | +4.93% | View data |
| 4 | 4 Canada | 15,450 | 2023 | +2.58% | +2.22% | View data |
| 5 | 5 Poland | 9,230 | 2023 | +5.98% | +6.76% | View data |
