Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry

This key economic indicator for the Pharmaceutical sector has been recently updated.

  1. China grew 4.5% of Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry in 2019, compared to a year earlier.
  2. Since 2014 China Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry rose 6.1% year on year at $13,956,388,273.35 Million PPP.
  3. In 2019 United States was ranked number 1 in Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry.
  4. In 2019 Austria was ranked number 15 in Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry with $427,223,717.42 Million PPP, compared to 17 in 2018.

Top Countries in Business Enterprise Expenditure on R&D Performed in the Pharmaceutical Industry

# 69 Countries Million US Dollars PPP Last YoY 5‑years CAGR
1 #1
United States
70,565,318,932.39 2019 +3.3 % +4.5 % View data
2 #2
China
13,956,388,273.35 2019 +4.5 % +6.1 % View data
3 #3
Japan
13,899,037,124.73 2019 +3.5 % -0.9 % View data
4 #4
Germany
6,508,976,256.92 2019 +2.7 % +4.4 % View data
5 #5
Switzerland
5,040,677,150.71 2019 +3.2 % +3.8 % View data
6 #6
Belgium
3,043,879,424.39 2019 +4.4 % +9.3 % View data
7 #7
South Korea
1,800,532,171.69 2019 +4.1 % +6.9 % View data
8 #8
Denmark
1,510,421,981.56 2019 +2.8 % +5.4 % View data
9 #9
Spain
1,127,374,718.22 2019 +2.6 % +5.3 % View data
10 #10
France
1,080,008,891.00 2019 -0.1 % +0.4 % View data
11 #11
Italy
894,380,465.38 2019 +2.0 % +5.3 % View data
12 #12
Sweden
847,585,097.10 2019 -0.1 % +2.1 % View data
13 #13
Taiwan
581,419,961.53 2019 +7.2 % +3.5 % View data
14 #14
United Kingdom
542,693,029.31 2019 -1.0 % -1.1 % View data
15 #15
Austria
427,223,717.42 2019 +3.0 % +2.4 % View data
16 #16
Hungary
426,636,826.27 2019 +1.7 % -0.3 % View data
17 #17
Canada
420,159,373.17 2019 -1.6 % +2.3 % View data
18 #18
Ireland
407,799,563.58 2019 +3.8 % +16.9 % View data
19 #19
Slovenia
343,555,237.12 2019 +3.1 % +4.5 % View data
20 #20
Netherlands
289,193,594.01 2019 -3.4 % -1.8 % View data
21 #21
Israel
287,878,980.84 2019 -0.9 % +0.6 % View data
22 #22
Poland
268,990,772.83 2019 +5.0 % +12.3 % View data
23 #23
Turkey
231,137,855.44 2019 +3.0 % +3.1 % View data
24 #24
Portugal
178,795,494.19 2019 +3.3 % +6.6 % View data
25 #25
Finland
174,819,523.26 2019 +2.0 % +3.3 % View data
26 #26
Czech Republic
108,981,820.05 2019 -1.9 % +5.2 % View data
27 #27
Greece
83,431,205.22 2019 +0.1 % +0.1 % View data
28 #28
Norway
36,963,598.93 2019 -2.1 % +0.1 % View data
29 #29
Chile
28,786,954.10 2015 +2.7 % +15.9 % View data
30 #30
Romania
26,524,562.71 2019 +1.3 % -7.3 % View data
31 #31
Slovakia
4,291,243.82 2019 -17.4 % -13.2 % View data
32 #32
Iceland
1,474,601.40 2019 +0.9 % +43.9 % View data
33 #33
Estonia
1,275,641.95 2019 -0.9 % -9.8 % View data
34 #34
Lithuania
1,065,743.71 2019 -29.1 % -42.6 % View data
65 #65
Latvia
7.56 2019 -0.3 % +6.8 % View data

Source: OECD

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