The country came in number 7 in 2023, Sweden overtook 3.18 Percent of Value Added in Industry. Israel, Belgium and the United States respectively were numbers 2, 3 and 4 in this ranking.
How does Switzerland rank in Business-Financed Business Enterprise Expenditure on R&D?
| # | 27 Countries | Percent of Value Added in Industry | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.78 | 2023 | +3.12% | +3.34% | View data |
| 2 | 2 Israel | 4.04 | 2023 | +1.76% | +6.51% | View data |
| 3 | 3 Belgium | 3.77 | 2023 | +4.14% | +5.5% | View data |
| 4 | 4 United States | 3.69 | 2023 | +1.15% | +4.31% | View data |
| 5 | 5 Japan | 3.62 | 2023 | +0.6% | +0.59% | View data |
| 6 | 6 Sweden | 3.24 | 2023 | -0.38% | -0.29% | View data |
| 7 | 7 Switzerland | 3.18 | 2023 | +1.84% | +2.56% | |
| 8 | 8 Denmark | 2.88 | 2023 | +0.22% | +0.35% | View data |
| 9 | 9 United Kingdom | 2.72 | 2021 | +1.18% | View data | |
