The country was number 16 in 2023, Portugal overtook 0.59 Percent of GDP. Greece, France and Belgium respectively ranked numbers 2, 3 and 4 in this ranking.
How does Cyprus rank in Government Budgets for R&D and Tax Incentive Support for Business R&D?
| # | 23 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 1.33 | 2023 | +2.16% | +3.95% | View data |
| 2 | 2 Greece | 1.06 | 2023 | +5.61% | +11.02% | View data |
| 3 | 3 France | 1.03 | 2023 | +0.25% | +1.82% | View data |
| 4 | 4 Belgium | 1.02 | 2023 | +1.9% | +3.95% | View data |
| 5 | 5 Denmark | 1.02 | 2023 | +0.21% | +2.16% | View data |
| 14 | 14 Luxembourg | 0.66 | 2023 | +1.48% | +2.09% | View data |
| 15 | 15 Portugal | 0.61 | 2023 | +0.25% | +2.79% | View data |
| 16 | 16 Cyprus | 0.59 | 2023 | +2.65% | +13.63% | |
| 17 | 17 Australia | 0.55 | 2023 | -0.43% | +1.51% | View data |
| 18 | 18 Slovakia | 0.47 | 2023 | +0.95% | +3.52% | View data |
