The country was number 31 in 2022, Ireland overtook 0.54 Percent of GDP. Taiwan, Japan and Germany respectively were numbers 2, 3 and 4 in this ranking.
How does Luxembourg rank in Gross Domestic Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 43 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.97 | 2023 | +2.8% | +2.78% | View data |
| 2 | 2 Taiwan | 3.52 | 2023 | +5.16% | +5.49% | View data |
| 3 | 3 Japan | 2.58 | 2023 | +0.18% | +0.29% | View data |
| 4 | 4 United States | 2.46 | 2023 | +2.14% | +5.01% | View data |
| 5 | 5 Belgium | 2.42 | 2023 | +4.43% | +5.35% | View data |
| 26 | 26 Ireland | 0.62 | 2023 | +0.27% | +1.08% | View data |
| 27 | 27 Greece | 0.6 | 2023 | +4.04% | +3.23% | View data |
| 28 | 28 Luxembourg | 0.56 | 2023 | -1.68% | -1.77% | |
| 29 | 29 Brazil | 0.48 | 2023 | -0.57% | -0.85% | View data |
| 30 | 30 Malaysia | 0.46 | 2023 | -0.5% | +3.15% | View data |
