Latvia - Higher Education Expenditure on R&D Financed by the Business Enterprise Sector
Since 2014, Latvia Higher Education Expenditure on R&D Financed by the Business Enterprise Sector fell by 2.8% year on year. In 2019, the country was number 45 among other countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector at $8.21 Million PPP. Latvia is overtaken by Kazakhstan, which was ranked number 44 with $9.15 Million PPP and is followed by Vietnam with $4.03 Million PPP. China ranked the highest with $9,388.03 Million PPP in 2019, +1.9% versus 2018. United States, Germany and Russia respectively ranked number 2, 3 and 4 in this ranking. Italy recorded the best 5 years average growth at +38.6% per year, while Croatia witnessed the worst performance at -35.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 8.21 |
| 2018 | 8.33 |
| 2017 | 7.85 |
| 2016 | 5.57 |
| 2015 | 11.86 |
How does Latvia rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 54 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
9,388.03 | 2019 | +1.9 % | +3.1 % | View data | |
| 2 |
#2
United States
|
4,090.77 | 2019 | +1.1 % | +5.1 % | View data | |
| 44 |
#44
Kazakhstan
|
9.15 | 2019 | -27.8 % | +1.2 % | View data | |
| 45 |
#45
Latvia
|
8.21 | 2019 | -1.4 % | -2.8 % | View data | |
| 46 |
#46
Vietnam
|
4.03 | 2019 | +3.7 % | NA | View data | |