The country ranked number 13 in 2023, the United Kingdom came ahead 1.59 Percent of GDP. Taiwan, Japan and Israel respectively were numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 45 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.88 | 2023 | +2.8% | +2.76% | View data |
| 2 | 2 Taiwan | 3.48 | 2023 | +5.21% | +5.56% | View data |
| 3 | 3 Japan | 2.56 | 2023 | +0.31% | +0.33% | View data |
| 4 | 4 Israel | 2.37 | 2023 | +1.85% | +6.57% | View data |
| 5 | 5 Belgium | 2.26 | 2023 | +2.56% | +4.85% | View data |
| 11 | 11 Austria | 1.71 | 2023 | +1.52% | +0.88% | View data |
| 12 | 12 United Kingdom | 1.64 | 2021 | +1.18% | View data | |
| 13 | 13 Iceland | 1.59 | 2023 | +6.99% | +12.69% | |
| 14 | 14 Netherlands | 1.24 | 2023 | +0.86% | +1.57% | View data |
| 15 | 15 France | 1.2 | 2023 | +0.19% | +0.0042% | View data |
