The country came in number 4 in 2023, Japan overtook $89,310 Million PPP. China, Japan and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 45 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 545,370 | 2023 | +6.85% | +8.1% | View data |
| 2 | 2 China | 543,520 | 2023 | +8.09% | +9.59% | View data |
| 3 | 3 Japan | 136,220 | 2023 | +1.3% | +0.2% | View data |
| 4 | 4 South Korea | 89,310 | 2023 | +4.3% | +4.54% | |
| 5 | 5 Germany | 78,860 | 2023 | +1.45% | -0.26% | View data |
| 6 | 6 Taiwan | 51,610 | 2023 | +9.66% | +10.23% | View data |
