The country came in number 16 in 2023, Singapore came ahead 1.26 Percent of Value Added in Industry. Israel, Belgium and the United States respectively ranked numbers 2, 3 and 4 in this ranking.
How does Australia rank in Business-Financed Business Enterprise Expenditure on R&D?
| # | 27 Countries | Percent of Value Added in Industry | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.78 | 2023 | +3.12% | +3.34% | View data |
| 2 | 2 Israel | 4.04 | 2023 | +1.76% | +6.51% | View data |
| 3 | 3 Belgium | 3.77 | 2023 | +4.14% | +5.5% | View data |
| 4 | 4 United States | 3.69 | 2023 | +1.15% | +4.31% | View data |
| 5 | 5 Japan | 3.62 | 2023 | +0.6% | +0.59% | View data |
| 14 | 14 Slovenia | 1.56 | 2023 | +0.76% | +1.26% | View data |
| 15 | 15 Singapore | 1.33 | 2023 | +0.066% | +3.74% | View data |
| 16 | 16 Australia | 1.26 | 2023 | -1.27% | -1.31% | |
| 17 | 17 Poland | 1.17 | 2023 | +4.97% | +5.59% | View data |
| 18 | 18 Spain | 1.13 | 2023 | +1.74% | +4.16% | View data |
