The country came in number 22 in 2023, the United Kingdom overtook 0.25 Percent of GDP. Norway, Sweden and Iceland respectively ranked numbers 2, 3 and 4 in this ranking.
How does Luxembourg rank in Higher Education Expenditure on R&D Financed by Government?
| # | 43 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 0.75 | 2023 | +1.41% | +0.74% | View data |
| 2 | 2 Norway | 0.58 | 2023 | +0.98% | -1.9% | View data |
| 3 | 3 Sweden | 0.57 | 2023 | -0.27% | -1.21% | View data |
| 4 | 4 Iceland | 0.54 | 2023 | +1.04% | +1.19% | View data |
| 5 | 5 Finland | 0.52 | 2023 | +0.43% | -1.05% | View data |
| 20 | 20 Italy | 0.28 | 2023 | +0.085% | +1.61% | View data |
| 21 | 21 United Kingdom | 0.27 | 2023 | +0.12% | +0.93% | View data |
| 22 | 22 Luxembourg | 0.25 | 2023 | +3.63% | +2.47% | |
| 23 | 23 Lithuania | 0.23 | 2023 | +0.62% | +1.89% | View data |
| 24 | 24 New Zealand | 0.22 | 2023 | +0.018% | +1.83% | View data |
