The country came in number 18 in 2023, Norway overtook $556.2 Million PPP. China, Russia and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does Sweden rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 46 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 33,170 | 2023 | +1.7% | +5.56% | View data |
| 2 | 2 China | 16,800 | 2023 | +8.35% | +7.66% | View data |
| 3 | 3 Russia | 16,710 | 2023 | +2.36% | +4.81% | View data |
| 4 | 4 South Korea | 6,940 | 2023 | +12.9% | +14.64% | View data |
| 5 | 5 United Kingdom | 4,910 | 2021 | +7.94% | View data | |
| 16 | 16 Austria | 630.77 | 2023 | +8.57% | +9.44% | View data |
| 17 | 17 Norway | 595.42 | 2023 | +7.59% | +8.89% | View data |
| 18 | 18 Sweden | 555.71 | 2023 | +0.55% | -1.52% | |
| 19 | 19 Malaysia | 437.49 | 2023 | +4.31% | +1.43% | View data |
| 20 | 20 Greece | 412.92 | 2023 | +23.54% | +29.78% | View data |
