The country was number 2 in 2023, China overtook $106,440,000,000 Million PPP. Japan, South Korea and Germany respectively ranked numbers 2, 3 and 4 in this ranking.
How does Japan rank in Business Enterprise Expenditure on R&D Performed in High and Medium-High R&D Intensive Industries?
| # | 28 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 339,380,000,000 | 2023 | +8.95% | +10.81% | View data |
| 2 | 2 Japan | 106,440,000,000 | 2023 | +1.24% | +0.79% | |
| 3 | 3 South Korea | 81,369,000,000 | 2023 | +4.74% | +4.56% | View data |
| 4 | 4 Germany | 80,275,000,000 | 2023 | +2.41% | +0.82% | View data |
| 5 | 5 Taiwan | 54,050,000,000 | 2023 | +13.76% | +14.33% | View data |
