The country was number 40 in 2019, Ireland came ahead 0.06 Percent of GDP. Germany, Taiwan and the United States respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Government Expenditure on R&D Financed by Government?
| # | 43 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 0.48 | 2023 | +1.45% | +1.91% | View data |
| 2 | 2 Germany | 0.39 | 2023 | +0.46% | +2.49% | View data |
| 3 | 3 Russia | 0.32 | 2023 | +1.4% | +1.51% | View data |
| 4 | 4 Taiwan | 0.31 | 2023 | -0.91% | -1.98% | View data |
| 5 | 5 China | 0.3 | 2023 | +1.22% | +1.89% | View data |
| 33 | 33 Lithuania | 0.086 | 2023 | -0.43% | -0.19% | View data |
| 34 | 34 Denmark | 0.086 | 2023 | +3.59% | +5.85% | View data |
| 35 | 35 Iceland | 0.062 | 2023 | -9.23% | +1.12% | |
| 36 | 36 Israel | 0.059 | 2023 | -4.26% | -3.77% | View data |
| 37 | 37 Latvia | 0.053 | 2023 | -0.12% | -1.8% | View data |
