Countries on the Cusp of Technological Innovation
by Stephen Ostermiller on Jul 17, 2014 | Views: 190 | Score: 0
| % of GDP | |
|---|---|
| Israel | 4.39 |
| Finland | 3.78 |
| Sweden | 3.37 |
| Japan | 3.26 |
| Denmark | 3.09 |
| Germany | 2.84 |
| United States | 2.77 |
| Austria | 2.75 |
| Slovenia | 2.51 |
| Estonia | 2.38 |
Research and Development Expenditure
Sources:
data.worldbank.org

Technological and scientific advancement is an expensive venture. In order to stay ahead of the curve, many countries invest a great deal of money in research and development. Of the ten countries that invest the highest percent of GDP in R&D, Israel leads the pack, spending 4.39 percent of their GDP on developing technological innovation.