BERD by size class and source of funds by country
Countries reporting
54
Highest
722,100
United States
Lowest
3.08
Montenegro
Median
3,473
Years covered
45
1980–2024
Data points
1,833
What the numbers show
BERD by size class and source of funds is currently reported for 54 countries. The highest value is 722,100 in United States; the lowest is 3.08 in Montenegro.
The median across all reporting countries is 3,473, and the mean is 38,441.
Over the past decade 52 countries rose and 2 fell. The largest increase was in Cyprus (up 399.8%), and the largest decrease in Montenegro (down 36.4%).
BERD by size class and source of funds: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United States | 722,100 | 2024 | up 181.5% | volatile |
| 2 | United States | 693,045 | 2023 | up 185.4% | volatile |
| 3 | Japan | 106,380 | 2024 | up 9.9% | rising |
| 4 | Germany | 92,514 | 2024 | up 62.3% | volatile |
| 5 | South Korea | 72,319 | 2024 | up 102.8% | volatile |
| 6 | South Korea | 66,741 | 2023 | up 108.4% | volatile |
| 7 | France | 42,023 | 2024 | up 35.0% | rising |
| 8 | United Kingdom | 30,179 | 2019 | up 72.1% | rising |
| 8 | United Kingdom | 30,179 | 2019 | up 72.1% | rising |
| 10 | Netherlands | 18,720 | 2024 | up 98.2% | volatile |
| 11 | Switzerland | 18,479 | 2023 | up 73.8% | volatile |
| 12 | Netherlands | 18,124 | 2024 | up 91.9% | volatile |
| 13 | Italy | 17,566 | 2024 | up 42.3% | volatile |
| 14 | Sweden | 14,575 | 2024 | up 59.7% | rising |
| 15 | Belgium | 14,545 | 2024 | up 117.9% | volatile |
| 16 | Spain | 13,342 | 2024 | up 96.7% | volatile |
| 17 | Türkiye | 11,871 | 2024 | up 293.9% | volatile |
| 18 | Austria | 11,380 | 2024 | up 55.4% | volatile |
| 19 | Russia | 9,500 | 2019 | up 38.4% | rising |
| 19 | Russia | 9,500 | 2019 | up 38.4% | rising |
| 21 | Denmark | 7,939 | 2024 | up 60.8% | volatile |
| 22 | Ireland | 7,764 | 2024 | up 268.5% | volatile |
| 23 | Poland | 7,568 | 2024 | up 320.4% | volatile |
| 23 | Poland | 7,568 | 2024 | up 320.4% | volatile |
| 25 | Finland | 6,039 | 2024 | up 36.9% | volatile |
| 26 | Norway | 4,570 | 2024 | up 31.9% | volatile |
| 27 | Czechia | 3,783 | 2024 | up 121.8% | volatile |
| 28 | Portugal | 3,162 | 2024 | up 205.2% | volatile |
| 29 | Hungary | 2,047 | 2024 | up 100.2% | volatile |
| 30 | Greece | 1,986 | 2024 | up 293.7% | volatile |
| 31 | Romania | 1,043 | 2024 | up 337.6% | volatile |
| 32 | Slovenia | 1,012 | 2024 | up 47.0% | volatile |
| 33 | Slovenia | 993.5 | 2024 | up 44.3% | volatile |
| 34 | Slovakia | 767.84 | 2024 | up 211.3% | volatile |
| 34 | Slovakia | 767.84 | 2024 | up 211.3% | volatile |
| 36 | Croatia | 685.91 | 2024 | up 318.3% | volatile |
| 37 | Croatia | 636.11 | 2024 | up 287.9% | volatile |
| 38 | Iceland | 542.26 | 2024 | up 240.4% | volatile |
| 39 | Bulgaria | 524.12 | 2024 | up 134.6% | volatile |
| 40 | Estonia | 472.23 | 2024 | up 278.3% | volatile |
| 40 | Estonia | 472.23 | 2024 | up 278.3% | volatile |
| 42 | Luxembourg | 410.77 | 2024 | up 23.8% | falling |
| 43 | Lithuania | 395.81 | 2024 | up 240.2% | volatile |
| 44 | Serbia | 356.12 | 2024 | up 368.2% | volatile |
| 44 | Serbia | 356.12 | 2024 | up 368.2% | volatile |
| 46 | Lithuania | 335.92 | 2024 | up 188.7% | volatile |
| 47 | Latvia | 146.34 | 2024 | up 153.2% | volatile |
| 48 | Latvia | 136 | 2024 | up 135.3% | volatile |
| 49 | Cyprus | 100 | 2024 | up 399.8% | volatile |
| 50 | Malta | 99.19 | 2024 | up 196.4% | volatile |
| 51 | North Macedonia | 14.86 | 2023 | up 113.6% | rising |
| 51 | North Macedonia | 14.86 | 2023 | up 113.6% | rising |
| 53 | Bosnia and Herzegovina | 14.25 | 2021 | down 31.8% | falling |
| 54 | Montenegro | 3.08 | 2024 | down 36.4% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- China except Hong Kong 362,268
- European Union - 27 countries (from 2020) 270,599
- Euro area – 21 countries (from 2026) 233,635
- Euro area – 20 countries (2023-2025) 233,111