Latvia - Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry
Since 2014, Latvia Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry grew 4.7% year on year. In 2019, the country was ranked number 33 among other countries in Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry with $7.35 PPP. Latvia is overtaken by Slovakia, which was ranked number 32 at $13.93 PPP and is followed by Iceland at $4.23 PPP. United States topped the ranking with $82,180.12 PPP in 2019, that is a growth of 2.3% versus 2018. China, South Korea and Taiwan respectively ranked number 2, 3 and 4 in this ranking. Turkey witnessed the best average annual growth at +52.4% per year, while Sweden recorded the worst performance at -29.2% per year.
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| Date | US Dollars PPP |
|---|---|
| 2019 | 7.35 |
| 2018 | 7.11 |
| 2017 | 6.59 |
| 2016 | 7.43 |
| 2015 | 6.63 |
How does Latvia rank in Business Enterprise Expenditure on R&D in the Computer, Electronic and Optical Industry?
| # | 35 Countries | US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
82,180.12 | 2019 | +2.3 % | +2.1 % | View data | |
| 2 |
#2
China
|
67,545.03 | 2019 | +4.6 % | +8.6 % | View data | |
| 32 |
#32
Slovakia
|
13.93 | 2019 | -0.8 % | +14.1 % | View data | |
| 33 |
#33
Latvia
|
7.35 | 2019 | +3.3 % | +4.7 % | View data | |
| 34 |
#34
Iceland
|
4.23 | 2019 | -3.4 % | +8.3 % | View data | |