Latvia - Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry

Since 2014, Latvia Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry grew 4.7% year on year. In 2019, the country was ranked number 33 comparing other countries in Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry with $7.35 PPP. Latvia is overtaken by Slovakia, which was number 32 at $13.93 PPP and is followed by Iceland at $4.23 PPP. United States lead the ranking with $82,180.12 PPP in 2019, +2.3% compared to 2018. China, South Korea and Taiwan respectively ranked number 2, 3 and 4 in this ranking. Turkey recorded the best 5 years average growth at +52.4% per year, while Sweden recorded the worst performance at -29.2% per year.

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Date US Dollars PPP
2019 7.35
2018 7.11
2017 6.59
2016 7.43
2015 6.63
Download all data from 2008 to 2019

How does Latvia rank in Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry?

# 35 Countries US Dollars PPP Last YoY 5‑years CAGR
1 #1
United States
82,180.12 2019 +2.3 % +2.1 % View data
2 #2
China
67,545.03 2019 +4.6 % +8.6 % View data
32 #32
Slovakia
13.93 2019 -0.8 % +14.1 % View data
33 #33
Latvia
7.35 2019 +3.3 % +4.7 % View data
34 #34
Iceland
4.23 2019 -3.4 % +8.3 % View data
Compare all 35 countries

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