Latvia - Gross Domestic Expenditure on R&D Financed by Higher Education
Since 2014, Latvia Gross Domestic Expenditure on R&D Financed by Higher Education was down by 0.4% year on year. At $7.48 Million PPP in 2019, the country was ranked number 34 among other countries in Gross Domestic Expenditure on R&D Financed by Higher Education. Latvia is overtaken by Luxembourg, which was ranked number 33 at $13.52 Million PPP and is followed by South Africa with $6.19 Million PPP. United States ranked the highest with $21,605.11 Million PPP in 2019, that is a growth of 2.3% versus 2018. Japan, Canada and Turkey respectively ranked number 2, 3 and 4 in this ranking. Lithuania witnessed the best average annual growth at +83.3% per year, while Israel witnessed the worst performance at -10% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 7.48 |
| 2018 | 7.26 |
| 2017 | 7.02 |
| 2016 | 6.60 |
| 2015 | 6.83 |
How does Latvia rank in Gross Domestic Expenditure on R&D Financed by Higher Education?
| # | 37 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
21,605.11 | 2019 | +2.3 % | +5.9 % | View data | |
| 2 |
#2
Japan
|
8,846.07 | 2019 | +1.2 % | -1.2 % | View data | |
| 33 |
#33
Luxembourg
|
13.52 | 2019 | +5.2 % | NA | View data | |
| 34 |
#34
Latvia
|
7.48 | 2019 | +3.0 % | -0.4 % | View data | |
| 35 |
#35
South Africa
|
6.19 | 2019 | -14.8 % | -7.2 % | View data | |