South Korea - Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry
Since 2014, South Korea Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry increased 3.2% year on year. With $35,562,344,869.55 Million PPP in 2019, the country was number 3 among other countries in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry. South Korea is overtaken by China, which was number 2 at $56,900,817,272.09 Million PPP and is followed by Taiwan with $26,029,244,190 Million PPP. United States ranked the highest with $82,180,119,351.42 Million PPP in 2019, an increase of 2.3% versus 2018. 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 | Million US Dollars PPP |
|---|---|
| 2019 | 35,562,344,869.55 |
| 2018 | 34,289,297,832.73 |
| 2017 | 32,990,270,244.13 |
| 2016 | 31,664,731,888.42 |
| 2015 | 29,892,618,809.73 |
How does South Korea rank in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry?
| # | 69 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | |
|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
82,180,119,351.42 | 2019 | +2.3 % | +2.1 % | View data |
| 2 |
#2
China
|
56,900,817,272.09 | 2019 | +4.0 % | +6.5 % | View data |
| 3 |
#3
South Korea
|
35,562,344,869.55 | 2019 | +3.7 % | +3.2 % | View data |
| 4 |
#4
Taiwan
|
26,029,244,190.00 | 2019 | +1.6 % | +7.3 % | View data |
| 5 |
#5
Japan
|
25,702,296,494.73 | 2019 | -2.9 % | -1.7 % | View data |