The country came in number 21 in 2023, Hungary came ahead 0.83 Percent of GDP. Taiwan, Japan and Israel respectively ranked numbers 2, 3 and 4 in this ranking.
How does Australia rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 45 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.88 | 2023 | +2.8% | +2.76% | View data |
| 2 | 2 Taiwan | 3.48 | 2023 | +5.21% | +5.56% | View data |
| 3 | 3 Japan | 2.56 | 2023 | +0.31% | +0.33% | View data |
| 4 | 4 Israel | 2.37 | 2023 | +1.85% | +6.57% | View data |
| 5 | 5 Belgium | 2.26 | 2023 | +2.56% | +4.85% | View data |
| 19 | 19 Estonia | 0.9 | 2023 | +2.76% | +11.32% | View data |
| 20 | 20 Hungary | 0.85 | 2023 | +1.63% | +2.01% | View data |
| 21 | 21 Australia | 0.83 | 2023 | -1.39% | -1.44% | |
| 22 | 22 Norway | 0.81 | 2023 | +0.00091% | -0.18% | View data |
| 23 | 23 Poland | 0.77 | 2023 | +3.57% | +4.36% | View data |
