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

R&D expenditure (% of GDP) — Iceland

R&D expenditure (% of GDP) in Iceland in 2023 — 2.64%. Ranked 14 in the world out of 84. Since 1997, the indicator has risen by 0.84 pp.

2023 2.64% +0.04 pp vs 2022
World rank 14of 84
Period maximum 2.85%2006
Period minimum 1.69%2013

Trend over time

1997–2023 · % of GDP

R&D expenditure (% of GDP) — Iceland, 1997–20231.522.5319972000200320062009201220152018202120231997: 1.8%1998: 1.95%1999: 2.24%2000: 2.57%2001: 2.84%2002: 2.82%2003: 2.71%2005: 2.68%2006: 2.85%2007: 2.53%2008: 2.46%2009: 2.6%2011: 2.4%2013: 1.69%2014: 1.94%2015: 2.18%2016: 2.11%2017: 2.08%2018: 2%2019: 2.34%2020: 2.49%2021: 2.78%2022: 2.6%2023: 2.64%
Change over the period: +0.84 pp Annual average: 0.03 pp

Comparison, 2023

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

Iceland 2.64%
World 2.6%
Northern Europe computed 2.6%
R&D expenditure (% of GDP) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2023 2.64 +0.04 pp
2022 2.6 −0.18 pp
2021 2.78 +0.3 pp
2020 2.49 +0.15 pp
2019 2.34 +0.34 pp
2018 2 −0.08 pp
2017 2.08 −0.03 pp
2016 2.11 −0.07 pp
2015 2.18 +0.25 pp
2014 1.94 +0.24 pp
2013 1.69
2011 2.4
2009 2.6 +0.13 pp
2008 2.46 −0.07 pp
2007 2.53 −0.32 pp
2006 2.85 +0.17 pp
2005 2.68
2003 2.71 −0.12 pp
2002 2.82 −0.02 pp
2001 2.84 +0.27 pp
2000 2.57 +0.34 pp
1999 2.24 +0.28 pp
1998 1.95 +0.15 pp
1997 1.8

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.