South Korea - Business Enterprise Expenditure on R&D Performed in Total Manufacturing
Since 2014, South Korea Business Enterprise Expenditure on R&D Performed in Total Manufacturing increased 4.1% year on year. In 2019, the country was number 5 among other countries in Business Enterprise Expenditure on R&D Performed in Total Manufacturing at $62,283,714,503.04 Million PPP. South Korea is overtaken by Germany, which was number 4 at $81,987,817,532.98 Million PPP and is followed by Taiwan at $32,294,899,459.94 Million PPP. China ranked the highest with $299,237,430,089.54 Million PPP in 2019, that is a growth of 3.9% compared to 2018. Iceland witnessed the best average annual growth at +15.4% per year, while Finland was the worst growing country at -3.9% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 62,283,714,503.04 |
| 2018 | 60,080,081,221.55 |
| 2017 | 57,831,475,832.27 |
| 2016 | 55,536,980,537.10 |
| 2015 | 53,445,478,884.86 |
Download all data from 1995 to 2019
How does South Korea rank in Business Enterprise Expenditure on R&D Performed in Total Manufacturing?
| # | 38 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
299,237,430,089.54 | 2019 | +3.9 % | +4.8 % | View data | |
| 2 |
#2
United States
|
269,195,268,842.01 | 2019 | +2.4 % | +3.0 % | View data | |
| 4 |
#4
Germany
|
81,987,817,532.98 | 2019 | +3.1 % | +5.0 % | View data | |
| 5 |
#5
South Korea
|
62,283,714,503.04 | 2019 | +3.7 % | +4.1 % | View data | |
| 6 |
#6
Taiwan
|
32,294,899,459.94 | 2019 | +1.4 % | +7.0 % | View data | |