The country was number 20 in 2022, Norway came ahead 0.85 Percent of GDP. Taiwan, Japan and Germany respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Gross Domestic Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 43 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.97 | 2023 | +2.8% | +2.78% | View data |
| 2 | 2 Taiwan | 3.52 | 2023 | +5.16% | +5.49% | View data |
| 3 | 3 Japan | 2.58 | 2023 | +0.18% | +0.29% | View data |
| 4 | 4 United States | 2.46 | 2023 | +2.14% | +5.01% | View data |
| 5 | 5 Belgium | 2.42 | 2023 | +4.43% | +5.35% | View data |
| 11 | 11 Denmark | 1.74 | 2023 | +0.39% | +0.54% | View data |
| 12 | 12 United Kingdom | 1.71 | 2021 | +1.37% | View data | |
| 13 | 13 Iceland | 1.6 | 2023 | +7.81% | +12.26% | |
| 14 | 14 Netherlands | 1.29 | 2023 | +0.23% | +1.21% | View data |
| 15 | 15 France | 1.24 | 2023 | +0.19% | +0.0015% | View data |
