Hungary - Business Enterprise Expenditure on R&D Performed in Total Manufacturing
Since 2014, Hungary Business Enterprise Expenditure on R&D Performed in Total Manufacturing jumped by 4.7% year on year. In 2019, the country was number 25 comparing other countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing with $1,370,416,955.53 Million PPP. Hungary is overtaken by Ireland, which was number 24 with $1,576,641,967.81 Million PPP and is followed by Norway at $1,100,875,120.98 Million PPP. China ranked the highest with $299,237,430,089.54 Million PPP in 2019, that is +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 recorded the worst performance at -3.9% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 1,370,416,955.53 |
| 2018 | 1,324,942,772.58 |
| 2017 | 1,318,677,450.21 |
| 2016 | 1,157,957,721.21 |
| 2015 | 1,052,209,875.61 |
How does Hungary 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 | |
| 24 |
#24
Ireland
|
1,576,641,967.81 | 2019 | +3.5 % | +8.6 % | View data | |
| 25 |
#25
Hungary
|
1,370,416,955.53 | 2019 | +3.4 % | +4.7 % | View data | |
| 26 |
#26
Norway
|
1,100,875,120.98 | 2019 | +2.0 % | +2.2 % | View data | |