The country ranked number 12 in 2023, Finland overtook 2.92 Percent of GDP. South Korea, the United States and Belgium respectively were numbers 2, 3 and 4 in this ranking.
How does Iceland rank in R&D Expenditure?
| # | 68 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Israel | 5.73 | 2023 | +1.54% | +3.72% | View data |
| 2 | 2 South Korea | 5.22 | 2023 | +2.81% | +2.92% | View data |
| 3 | 3 United States | 3.64 | 2023 | +2.62% | +3.89% | View data |
| 4 | 4 Belgium | 3.49 | 2023 | +0.8% | +4.07% | View data |
| 5 | 5 Sweden | 3.42 | 2023 | +0.0084% | +0.61% | View data |
| 10 | 10 United Kingdom | 3.19 | 2023 | +3.81% | +3.34% | View data |
| 11 | 11 Finland | 3.1 | 2023 | +1.61% | +2.37% | View data |
| 12 | 12 Iceland | 2.92 | 2023 | +1.81% | +7.87% | |
| 13 | 13 Denmark | 2.83 | 2023 | +0.28% | -0.94% | View data |
| 14 | 14 China | 2.57 | 2023 | +2.63% | +3.71% | View data |
