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Iceland R&D Expenditure (% GDP)

Iceland's R&D expenditure (% GDP) fell to 2.6% in 2022, down from 2.78% in 2021, according to World Bank. This represents a decrease of 0.18% from the previous year. Iceland has the 14th highest R&D expenditure (% GDP). Within Europe, it ranks 10th out of 41 countries.

Yearly Historical Data (1997-2022)

(in %)
Year R&D Expenditure (% GDP)
2022 2.6%
2021 2.78%
2020 2.49%
2019 2.34%
2018 2%
2017 2.08%
2016 2.11%
2015 2.18%
2014 1.94%
2013 1.69%
2011 2.4%
2009 2.6%
2008 2.46%
2007 2.53%
2006 2.85%
2005 2.68%
2003 2.71%
2002 2.82%
2001 2.84%
2000 2.57%
1999 2.24%
1998 1.95%
1997 1.8%
Iceland R&D Expenditure (% GDP) : Definition
R&D Expenditure (% GDP) measures the percentage of Iceland's total economic output spent on research and development.
Indicator Last Value Prior Value Period
GDP $33.46B $31.45B 2024
GDP Annual Growth Rate 0.52% 5.65% 2024
GDP per Capita $57,954.57 $59,307.18 2024
GDP per Capita PPP $65,645.09 $67,177.2 2024
Real GDP $23.45B $23.33B 2024