Hungary - Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Hungary Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors fell by 0.5% year on year. In 2019, the country was ranked number 32 comparing other countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors with $1.13 Million PPP. Hungary is overtaken by Singapore, which was ranked number 31 with $1.31 Million PPP and is followed by Finland with $0.98 Million PPP. United States topped the ranking 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 witnessed the best average annual growth at +58.7% per year, while Russia recorded the worst performance at -23.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 1.13 |
| 2018 | 1.15 |
| 2017 | 1.10 |
| 2016 | 1.22 |
| 2015 | 1.09 |
How does Hungary 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 | |
| 31 |
#31
Singapore
|
1.31 | 2019 | +42.6 % | +30.4 % | View data | |
| 32 |
#32
Hungary
|
1.13 | 2019 | -2.1 % | -0.5 % | View data | |
| 33 |
#33
Finland
|
0.98 | 2019 | -6.2 % | -19.9 % | View data | |