Latvia - Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry
Since 2014, Latvia Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry rose 4.7% year on year. In 2019, the country was ranked number 67 comparing other countries in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry at $7.35 Million PPP. Latvia is overtaken by Slovakia, which was ranked number 66 with $13.93 Million PPP and is followed by Iceland with $4.23 Million PPP. United States lead the ranking with $82,180,119,351.42 Million PPP in 2019, +2.3% compared to 2018. China, South Korea and Taiwan respectively ranked number 2, 3 and 4 in this ranking. Turkey witnessed the best average annual growth at +52.4% per year, while Sweden recorded the worst performance at -29.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 7.35 |
| 2018 | 7.11 |
| 2017 | 6.59 |
| 2016 | 7.43 |
| 2015 | 6.63 |
How does Latvia rank in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry?
| # | 69 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
82,180,119,351.42 | 2019 | +2.3 % | +2.1 % | View data | |
| 2 |
#2
China
|
56,900,817,272.09 | 2019 | +4.0 % | +6.5 % | View data | |
| 34 |
#34
Chile
|
999,298.40 | 2015 | -41.4 % | +23.1 % | View data | |
| 67 |
#67
Latvia
|
7.35 | 2019 | +3.3 % | +4.7 % | View data | |