The country was number 38 in 2023, Kazakhstan overtook $20.54 Million PPP. China, Russia and South Korea respectively came in numbers 2, 3 and 4 in this ranking.
How does Cyprus rank in Business Enterprise Expenditure on R&D Financed by Government?
| # | 46 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 33,170 | 2023 | +1.7% | +5.56% | View data |
| 2 | 2 China | 16,800 | 2023 | +8.35% | +7.66% | View data |
| 3 | 3 Russia | 16,710 | 2023 | +2.36% | +4.81% | View data |
| 4 | 4 South Korea | 6,940 | 2023 | +12.9% | +14.64% | View data |
| 5 | 5 United Kingdom | 4,910 | 2021 | +7.94% | View data | |
| 36 | 36 Argentina | 30.46 | 2023 | -1.19% | -0.5% | View data |
| 37 | 37 Kazakhstan | 23.19 | 2023 | -9.29% | -7.33% | View data |
| 38 | 38 Cyprus | 20.54 | 2023 | +15.96% | +50.91% | |
| 39 | 39 Iceland | 19.93 | 2023 | +4.41% | +1.11% | View data |
| 40 | 40 Colombia | 17.27 | 2023 | +0.77% | +1.97% | View data |
