The country ranked number 40 in 2023, Romania came ahead 0.21 Percent of GDP. Taiwan, Japan and Israel respectively ranked numbers 2, 3 and 4 in this ranking.
How does Latvia rank in Business Enterprise Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 45 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3.88 | 2023 | +2.8% | +2.76% | View data |
| 2 | 2 Taiwan | 3.48 | 2023 | +5.21% | +5.56% | View data |
| 3 | 3 Japan | 2.56 | 2023 | +0.31% | +0.33% | View data |
| 4 | 4 Israel | 2.37 | 2023 | +1.85% | +6.57% | View data |
| 5 | 5 Belgium | 2.26 | 2023 | +2.56% | +4.85% | View data |
| 38 | 38 Russia | 0.25 | 2023 | +0.0071% | +1.99% | View data |
| 39 | 39 Romania | 0.23 | 2023 | -0.16% | -2.27% | View data |
| 40 | 40 Latvia | 0.21 | 2023 | +2.91% | +12.99% | |
| 41 | 41 Argentina | 0.11 | 2023 | +0.34% | +0.7% | View data |
| 42 | 42 Chile | 0.11 | 2023 | -0.098% | +0.81% | View data |
