The country came in number 29 in 2023, Bulgaria came ahead €398.05 Million. Japan, Germany and South Korea respectively ranked numbers 2, 3 and 4 in this ranking.
How does Luxembourg rank in Business Expenditure on R&D in All Businesses?
| # | 40 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 614,600 | 2023 | +7.64% | +10.25% | View data |
| 2 | 2 China (except Hong Kong) | 286,700 | 2023 | |||
| 3 | 3 Japan | 120,490 | 2023 | +1.34% | +2% | View data |
| 4 | 4 Germany | 78,920 | 2023 | +2.27% | +1.82% | View data |
| 5 | 5 South Korea | 64,810 | 2023 | +4.11% | +4.11% | View data |
| 28 | 28 Iceland | 460.44 | 2023 | +6.81% | +9.98% | View data |
| 29 | 29 Bulgaria | 425.84 | 2023 | +5.73% | +6.92% | View data |
| 30 | 30 Luxembourg | 398.05 | 2023 | +2.25% | +1.19% | |
| 31 | 31 Lithuania | 392.59 | 2023 | +12.25% | +17.1% | View data |
| 32 | 32 Croatia | 358.82 | 2023 | +3.54% | +8.29% | View data |
