The country came in number 4 in 2023, Germany came ahead $5,190 Million PPP. Japan, Germany and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea 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% | |
| 5 | 5 Italy | 3,080 | 2023 | +3.51% | +1.14% | View data |
| 6 | 6 Taiwan | 1,220 | 2023 | +5.13% | +4.61% | View data |
