The country ranked number 16 in 2023, Slovenia overtook $26.56 Million PPP. Japan, Germany and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise R&D Expenditure in Manufacture of Machinery and Equipment?
| # | 20 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 19,280 | 2023 | +2.56% | +5.43% | View data |
| 2 | 2 Japan | 14,030 | 2023 | +5.42% | +0.49% | View data |
| 3 | 3 Germany | 10,270 | 2023 | +2.53% | +1.21% | View data |
| 4 | 4 South Korea | 5,190 | 2023 | +4.15% | +3.95% | View data |
| 5 | 5 Italy | 3,080 | 2023 | +3.51% | +1.14% | View data |
| 14 | 14 Portugal | 89.45 | 2023 | +9.15% | +11.04% | View data |
| 15 | 15 Slovenia | 78.7 | 2023 | +4.16% | +8.96% | View data |
| 16 | 16 Iceland | 26.56 | 2023 | +6.74% | +4.9% | |
| 17 | 17 Lithuania | 9.77 | 2023 | +10.72% | +10.83% | View data |
| 18 | 18 Romania | 9.65 | 2023 | +16.64% | +4.62% | View data |
