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R&D expenditure (% of GDP) — all countries

R&D expenditure (% of GDP) — Faroe Islands

R&D expenditure (% of GDP) in the Faroe Islands in 2003 — 0.85%. Ranked 31 in the world out of 93.

2003 0.85%
World rank 31of 93
Period maximum 0.85%2003
Period minimum 0.85%2003

Trend over time

2003–2003 · % of GDP

Change over the period: +0 pp

Comparison, 2003

How the value compares with the world and the groups this territory belongs to: Faroe Islands

Faroe Islands 0.85%
World 2.02%
Europe & Central Asia 1.72%
Northern Europe computed 1.92%
R&D expenditure (% of GDP) — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year % Change, pp
2003 0.85 —

Northern Europe, 2003

The same indicator for neighboring countries — with links to their pages

SE Sweden 3.58 FI Finland 3.3 IS Iceland 2.71 DK Denmark 2.51 NO Norway 1.68 GB United Kingdom 1.58 IE Ireland 1.12 FO Faroe Islands 0.85 EE Estonia 0.76 LT Lithuania 0.66 GL Greenland 0.51 LV Latvia 0.38
Full table for all countries

About the indicator

Gross domestic expenditure on research and development (R&D) as a percentage of GDP — all current and capital spending by business, government, universities and nonprofit organizations on basic and applied research. The threshold of 3% of GDP is the target adopted in the EU; the leaders (Israel, South Korea) exceed 4.5%.

Source: UNESCO Institute for Statistics (UIS), license CC BY-SA 3.0 IGO.

Other indicators for the Faroe Islands

Education Researchers per million people

The number of researchers per million residents — in full-time equivalent.

Faroe Islands by year Trade High-technology exports (% of manufactured exports)

What part of manufactured exports consists of high-technology products.

Faroe Islands by year
All indicators for the Faroe Islands