The country came in number 8 in 2023, Cuba came ahead 0.41 Percent of GDP. The United Arab Emirates, Serbia and Malaysia respectively came in numbers 2, 3 and 4 in this ranking.
How does Montenegro rank in R&D Expenditure?
| # | 21 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 1.76 | 2023 | -0.98% | -1.03% | View data |
| 2 | 2 United Arab Emirates | 1.75 | 2023 | +6.58% | +6.72% | View data |
| 3 | 3 Serbia | 0.95 | 2023 | -0.017% | +0.65% | View data |
| 4 | 4 Malaysia | 0.86 | 2023 | -2.72% | -3.75% | View data |
| 5 | 5 Tunisia | 0.77 | 2023 | +1.22% | +1.54% | View data |
| 7 | 7 Macau | 0.52 | 2023 | |||
| 8 | 8 Cuba | 0.5 | 2023 | +0.024% | -1.39% | View data |
| 9 | 9 Montenegro | 0.41 | 2023 | +1.05% | -3.9% | |
| 10 | 10 Macedonia | 0.38 | 2023 | -0.043% | +0.71% | View data |
| 11 | 11 Oman | 0.32 | 2023 | +4.99% | +11.17% | View data |
