The country came in number 42 in 2023, Luxembourg came ahead $347.39 Million PPP. China, Japan and South Korea respectively came in numbers 2, 3 and 4 in this ranking.
How does Iceland rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 657,410 | 2023 | +9.8% | +11.04% | View data |
| 2 | 2 China | 623,390 | 2023 | +11.26% | +12.61% | View data |
| 3 | 3 Japan | 141,380 | 2023 | +1.63% | +1.01% | View data |
| 4 | 4 South Korea | 98,990 | 2023 | +5.33% | +5.66% | View data |
| 5 | 5 Germany | 96,210 | 2023 | +2.76% | +1.65% | View data |
| 40 | 40 Bulgaria | 479.55 | 2023 | +0.2% | -0.97% | View data |
| 41 | 41 Luxembourg | 382.18 | 2023 | +0.65% | -2.19% | View data |
| 42 | 42 Iceland | 347.39 | 2023 | +13.32% | +14.54% | |
| 43 | 43 Egypt | 263.25 | 2023 | -5.01% | -3.98% | View data |
| 44 | 44 Cyprus | 173.58 | 2023 | +12.63% | +18.45% | View data |
