The country came in number 22 in 2023, Ireland overtook 0.79 Percent of Value Added in Industry. Israel, Belgium and the United States respectively ranked numbers 2, 3 and 4 in this ranking.
How does Luxembourg rank in Business-Financed Business Enterprise Expenditure on R&D?
| # | 27 Countries | Percent of Value Added in Industry | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 5.78 | 2023 | +3.12% | +3.34% | View data |
| 2 | 2 Israel | 4.04 | 2023 | +1.76% | +6.51% | View data |
| 3 | 3 Belgium | 3.77 | 2023 | +4.14% | +5.5% | View data |
| 4 | 4 United States | 3.69 | 2023 | +1.15% | +4.31% | View data |
| 5 | 5 Japan | 3.62 | 2023 | +0.6% | +0.59% | View data |
| 20 | 20 Greece | 0.98 | 2023 | +3.73% | +2.44% | View data |
| 21 | 21 Ireland | 0.79 | 2023 | +0.29% | +1.36% | View data |
| 22 | 22 Luxembourg | 0.79 | 2023 | -2.27% | -2.21% | |
| 23 | 23 Slovakia | 0.6 | 2023 | +2.41% | +0.12% | View data |
| 24 | 24 Lithuania | 0.59 | 2023 | +6.14% | +5.74% | View data |
