Romania - Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Romania Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors increased 12.6% year on year. At $2.39 Million PPP in 2019, the country was number 28 among other countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors. Romania is overtaken by Bulgaria, which was number 27 at $2.43 Million PPP and is followed by Australia at $1.68 Million PPP. United States ranked the highest with $695 Million PPP in 2019, +4.4% versus 2018. United Kingdom, Canada and Germany respectively ranked number 2, 3 and 4 in this ranking. Mexico witnessed the best average annual growth at +58.7% per year, while Russia witnessed the worst performance at -23.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 2.39 |
| 2018 | 1.35 |
| 2017 | 5.13 |
| 2016 | 4.04 |
| 2015 | 2.56 |
How does Romania rank in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors?
| # | 44 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
695.00 | 2019 | +4.3 % | +5.8 % | View data | |
| 2 |
#2
United Kingdom
|
403.54 | 2019 | +12.6 % | +15.7 % | View data | |
| 27 |
#27
Bulgaria
|
2.43 | 2019 | +4.6 % | -5.0 % | View data | |
| 28 |
#28
Romania
|
2.39 | 2019 | +76.9 % | +12.6 % | View data | |
| 29 |
#29
Australia
|
1.68 | 2019 | -23.2 % | NA | View data | |