The country came in number 14 in 2023, Spain overtook 0.03 Percent of GDP. Finland, Belgium and the Czech Republic respectively were numbers 2, 3 and 4 in this ranking.
How does Serbia rank in Business Expenditure on R&D in ICT?
| # | 15 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.76 | 2023 | +4.27% | +15.24% | View data |
| 2 | 2 Finland | 0.5 | 2023 | +3.93% | +8.86% | View data |
| 3 | 3 Belgium | 0.49 | 2023 | +8.71% | +12.27% | View data |
| 4 | 4 Czech Republic | 0.42 | 2023 | +10.29% | +10.92% | View data |
| 5 | 5 Poland | 0.35 | 2023 | +9.78% | +12.17% | View data |
| 12 | 12 Italy | 0.13 | 2023 | +4.88% | +2.32% | View data |
| 13 | 13 Spain | 0.11 | 2021 | View data | ||
| 14 | 14 Serbia | 0.029 | 2023 | +7.41% | +57.42% | |
| 15 | 15 Bosnia and Herzegovina | 0.003 | 2021 | View data | ||
