The country was number 50 in 2022, Cyprus came ahead 0.22 Percent of Total HERD. China, Bulgaria and South Korea respectively were numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.61 | 2023 | +0.019% | +4.19% | View data |
| 2 | 2 Russia | 30.46 | 2023 | +0.37% | +0.95% | View data |
| 3 | 3 Bulgaria | 18.84 | 2023 | +0.054% | -0.43% | View data |
| 4 | 4 South Korea | 14.03 | 2023 | -0.046% | -0.31% | View data |
| 5 | 5 Taiwan | 13.21 | 2023 | +4.36% | +5.88% | View data |
| 41 | 41 Argentina | 1.69 | 2023 | +24.57% | +48.58% | View data |
| 42 | 42 Croatia | 1.61 | 2023 | -19.97% | +16.19% | View data |
| 43 | 43 Iceland | 1.49 | 2023 | +0.046% | +2.23% | |
| 44 | 44 Luxembourg | 0.91 | 2023 | +4.17% | +0.52% | View data |
| 45 | 45 Slovakia | 0.9 | 2023 | +3.86% | +6.62% | View data |
