The country ranked number 37 in 2023, Montenegro overtook 0.18 Percent of GDP. The United States, Belgium and Japan respectively came in numbers 2, 3 and 4 in this ranking.
How does Latvia rank in Business Expenditure on R&D in All Businesses?
| # | 40 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 4.13 | 2023 | +2.84% | +2.64% | View data |
| 2 | 2 United States | 2.81 | 2023 | +2.03% | +5.31% | View data |
| 3 | 3 Belgium | 2.64 | 2023 | +1.42% | +5.22% | View data |
| 4 | 4 Japan | 2.58 | 2023 | +0.27% | +0.18% | View data |
| 5 | 5 Sweden | 2.54 | 2023 | +0.75% | +1.51% | View data |
| 36 | 36 Romania | 0.29 | 2023 | +1.37% | 0% | View data |
| 37 | 37 Montenegro | 0.18 | 2023 | +2.86% | -1.38% | View data |
| 38 | 38 Latvia | 0.18 | 2023 | -0.56% | +2.17% | |
| 39 | 39 Macedonia | 0.096 | 2023 | -1.03% | -1.5% | View data |
| 40 | 40 Bosnia and Herzegovina | 0.071 | 2021 | -8.97% | View data | |
