The country came in number 24 in 2022, Romania came ahead 4.85 Percent of Total HERD. China, Bulgaria and South Korea respectively came in numbers 2, 3 and 4 in this ranking.
How does Australia rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 47 Countries | Percent of Total HERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.61 | 2023 | +0.019% | +4.19% | View data |
| 2 | 2 Russia | 30.46 | 2023 | +0.37% | +0.95% | View data |
| 3 | 3 Bulgaria | 18.84 | 2023 | +0.054% | -0.43% | View data |
| 4 | 4 South Korea | 14.03 | 2023 | -0.046% | -0.31% | View data |
| 5 | 5 Taiwan | 13.21 | 2023 | +4.36% | +5.88% | View data |
| 17 | 17 Malaysia | 6.37 | 2023 | +3.08% | -0.38% | View data |
| 18 | 18 Israel | 6.36 | 2023 | -0.017% | -2.84% | View data |
| 19 | 19 Australia | 6.08 | 2023 | +2.64% | +4.41% | |
| 20 | 20 Singapore | 5.78 | 2023 | +1.68% | +4.68% | View data |
| 21 | 21 United States | 4.94 | 2023 | -1.32% | -1.68% | View data |
