The country came in number 4 in 2023, Russia came ahead $6,940 Million PPP. China, Russia 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 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% | |
| 5 | 5 United Kingdom | 4,910 | 2021 | +7.94% | View data | |
| 6 | 6 France | 4,770 | 2023 | +1.15% | +7.31% | View data |
