South Korea - Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, South Korea Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors increased 8.7% year on year. In 2019, the country was number 10 among other countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors at $46.28 Million PPP. South Korea is overtaken by Denmark, which was ranked number 9 at $47.15 Million PPP and is followed by Netherlands at $45.96 Million PPP. United States ranked the highest with $695 Million PPP in 2019, a growth of 4.4% compared to 2018. United Kingdom, Canada and Germany respectively ranked number 2, 3 and 4 in this ranking. Mexico recorded the best 5 years average growth at +58.7% per year, while Russia was the worst growing country at -23.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 46.28 |
| 2018 | 48.32 |
| 2017 | 37.34 |
| 2016 | 27.84 |
| 2015 | 38.45 |
How does South Korea 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 | |
| 9 |
#9
Denmark
|
47.15 | 2019 | +5.9 % | NA | View data | |
| 10 |
#10
South Korea
|
46.28 | 2019 | -4.2 % | +8.7 % | View data | |
| 11 |
#11
Netherlands
|
45.96 | 2019 | +2.8 % | +0.4 % | View data | |