The country was number 31 in 2022, Sweden overtook 3.53 Percent of Total HERD. China, Bulgaria and South Korea respectively came in numbers 2, 3 and 4 in this ranking.
How does Japan 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% | View data |
| 5 | 5 Taiwan | 13.21 | 2023 | +4.36% | +5.88% | View data |
| 29 | 29 Finland | 3.26 | 2023 | -0.29% | +2.19% | View data |
| 30 | 30 Latvia | 3.24 | 2023 | -7.89% | -5.08% | View data |
| 31 | 31 Japan | 3.21 | 2023 | +0.0058% | -0.2% | |
| 32 | 32 France | 3.1 | 2023 | +0.023% | +1.82% | View data |
| 33 | 33 Sweden | 2.76 | 2023 | -1.08% | -4.33% | View data |
