The country ranked number 4 in 2021, Bulgaria came ahead 14.47 Percent of Total HERD. China, Bulgaria and South Korea respectively were numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.61 | 2023 | +0.019% | +4.19% | View data |
| 2 | 2 Russia | 30.46 | 2023 | +0.37% | +0.95% | View data |
| 3 | 3 Bulgaria | 18.84 | 2023 | +0.054% | -0.43% | View data |
| 4 | 4 South Korea | 14.03 | 2023 | -0.046% | -0.31% | |
| 5 | 5 Taiwan | 13.21 | 2023 | +4.36% | +5.88% | View data |
| 6 | 6 Germany | 12.95 | 2023 | -0.39% | -0.83% | View data |
