Latvia - Higher Education Expenditure on R&D Financed by the Business Sector
Since 2014, Latvia Higher Education Expenditure on R&D Financed by the Business Sector decreased by 10.7points year on year. In 2019, the country was number 28 comparing other countries in Higher Education Expenditure on R&D Financed by the Business Sector with 4.03 Percent. Latvia is overtaken by New Zealand, which was number 27 at 4.14 Percent and is followed by Ireland at 3.64 Percent. Russia lead the ranking with 28.95 Percent in 2019, that is a decrease of 0.4points compared to 2018. China, South Korea and Germany respectively ranked number 2, 3 and 4 in this ranking. Italy recorded the best 5 years average growth at +36.8points per year, while Iceland was the worst growing country at -62points per year.
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| Date | Percent |
|---|---|
| 2019 | 4.03 |
| 2018 | 4.21 |
| 2017 | 5.90 |
| 2016 | 5.59 |
| 2015 | 7.80 |
How does Latvia rank in Higher Education Expenditure on R&D Financed by the Business Sector?
| # | 44 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Russia
|
28.95 % | 2019 | -0.4 % | +1.2 % | View data | |
| 2 |
#2
China
|
26.37 % | 2019 | -0.7 % | -4.8 % | View data | |
| 27 |
#27
New Zealand
|
4.14 % | 2019 | -1.3 % | NA | View data | |
| 28 |
#28
Latvia
|
4.03 % | 2019 | -4.0 % | -10.7 % | View data | |
| 29 |
#29
Ireland
|
3.64 % | 2019 | -1.6 % | +6.5 % | View data | |