The country came in number 18 in 2023, Hungary overtook 0.55 Percent of GDP. Iceland, the United States and Sweden respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Business Enterprise Expenditure on R&D Performed in Total Services?
| # | 29 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.35 | 2023 | +6.97% | +9.96% | View data |
| 2 | 2 Iceland | 1.4 | 2023 | +1.52% | +9.44% | View data |
| 3 | 3 United States | 1.32 | 2023 | +4.57% | +9.96% | View data |
| 4 | 4 Sweden | 1.29 | 2023 | +3% | +3.58% | View data |
| 5 | 5 Belgium | 1.2 | 2023 | +3.59% | +6.06% | View data |
| 16 | 16 Lithuania | 0.59 | 2023 | +13.17% | +21.74% | View data |
| 17 | 17 Hungary | 0.57 | 2023 | +3.17% | +0.79% | View data |
| 18 | 18 South Korea | 0.55 | 2023 | +6.49% | +10.86% | |
| 19 | 19 Estonia | 0.54 | 2023 | +1.85% | +6.58% | View data |
| 20 | 20 Ireland | 0.51 | 2023 | -1.17% | +0.66% | View data |
