The country came in number 34 in 2023, Serbia overtook €100.17 Million. Japan, Germany and South Korea respectively were numbers 2, 3 and 4 in this ranking.
How does Latvia rank in Business Expenditure on R&D in All Businesses?
| # | 40 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 614,600 | 2023 | +7.64% | +10.25% | View data |
| 2 | 2 China (except Hong Kong) | 286,700 | 2023 | |||
| 3 | 3 Japan | 120,490 | 2023 | +1.34% | +2% | View data |
| 4 | 4 Germany | 78,920 | 2023 | +2.27% | +1.82% | View data |
| 5 | 5 South Korea | 64,810 | 2023 | +4.11% | +4.11% | View data |
| 33 | 33 Estonia | 338.47 | 2023 | +4.76% | +16.93% | View data |
| 34 | 34 Serbia | 255.79 | 2023 | +9.96% | +10.66% | View data |
| 35 | 35 Latvia | 100.17 | 2023 | +3.82% | +16.69% | |
| 36 | 36 Cyprus | 98.29 | 2023 | +6.04% | +12.77% | View data |
| 37 | 37 Malta | 72.76 | 2023 | +6.21% | +9.14% | View data |
