Belgium - Business Enterprise Expenditure on R&D Performed in Total Manufacturing
Since 2014, Belgium Business Enterprise Expenditure on R&D Performed in Total Manufacturing grew 6.3% year on year. With $6,242,879,197.57 Million PPP in 2019, the country was number 15 among other countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing. Belgium is overtaken by Netherlands, which was number 14 with $6,314,317,819.3 Million PPP and is followed by Spain at $5,741,540,304.98 Million PPP. China ranked the highest with $299,237,430,089.54 Million PPP in 2019, +3.9% compared to 2018. United States, Japan and Germany respectively ranked number 2, 3 and 4 in this ranking. Iceland witnessed the best average annual growth at +15.4% per year, while Finland was the worst growing country at -3.9% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 6,242,879,197.57 |
| 2018 | 6,050,777,787.55 |
| 2017 | 6,029,724,933.53 |
| 2016 | 5,440,882,515.24 |
| 2015 | 4,833,098,717.42 |
How does Belgium rank in Business Enterprise Expenditure on R&D Performed in Total Manufacturing?
| # | 38 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
299,237,430,089.54 | 2019 | +3.9 % | +4.8 % | View data | |
| 2 |
#2
United States
|
269,195,268,842.01 | 2019 | +2.4 % | +3.0 % | View data | |
| 14 |
#14
Netherlands
|
6,314,317,819.30 | 2019 | +2.0 % | +3.1 % | View data | |
| 15 |
#15
Belgium
|
6,242,879,197.57 | 2019 | +3.2 % | +6.3 % | View data | |
| 16 |
#16
Spain
|
5,741,540,304.98 | 2019 | +2.2 % | +4.2 % | View data | |