Latvia - Share of Higher Education Expenditure on R&D Financed by the Business Sector
Since 2014, Latvia Share of Higher Education Expenditure on R&D Financed by the Business Sector decreased by 7.2points year on year. With 4.91 Percent in 2019, the country was number 28 among other countries in Share of Higher Education Expenditure on R&D Financed by the Business Sector. Latvia is overtaken by Australia, which was ranked number 27 with 5.06 Percent and is followed by Spain with 4.81 Percent. Russia topped the ranking with 28.95 Percent in 2019, that is -0.4points versus 2018. China, Bulgaria and Ukraine respectively ranked number 2, 3 and 4 in this ranking. Italy recorded the best 5 years average growth at +32.9points per year, while Iceland was the worst growing country at -62points per year.
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| Date | Percent |
|---|---|
| 2019 | 4.91 |
| 2018 | 5.34 |
| 2017 | 5.90 |
| 2016 | 5.59 |
| 2015 | 7.80 |
How does Latvia rank in Share of Higher Education Expenditure on R&D Financed by the Business Sector?
| # | 52 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Russia
|
28.95 % | 2019 | -0.4 % | +1.2 % | View data | |
| 2 |
#2
China
|
26.37 % | 2019 | -0.7 % | -4.8 % | View data | |
| 27 |
#27
Australia
|
5.06 % | 2019 | -0.2 % | +0.1 % | View data | |
| 28 |
#28
Latvia
|
4.91 % | 2019 | -8.0 % | -7.2 % | View data | |
| 29 |
#29
Spain
|
4.81 % | 2019 | -3.6 % | -4.1 % | View data | |