Gross domestic expenditure on R&D by sector of performance and source in Iceland
Iceland: Gross domestic expenditure on R&D by sector of performance and source was 610.82 US dollars, PPP converted in 2024. ◆ Volatile
Gross domestic expenditure on R&D by sector of performance and source in Iceland, 1981–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
The most recent figure for gross domestic expenditure on r&d by sector of performance and source in Iceland is 610.82 US dollars, PPP converted, measured in 2024.
The figure is down 6.9% on the previous year and up 72.5% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and source in Iceland peaked at 656.12 US dollars, PPP converted in 2023 and was at its lowest, 50.27 US dollars, PPP converted, in 1981.
Iceland ranks 33rd of 34 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic expenditure on R&D by sector of performance and source in Iceland, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1981 | 50.27 US dollars, PPP converted | — |
| 1983 | 53.2 US dollars, PPP converted | +5.8% |
| 1984 | 58.75 US dollars, PPP converted | +10.4% |
| 1985 | 61.52 US dollars, PPP converted | +4.7% |
| 1986 | 64.02 US dollars, PPP converted | +4.1% |
| 1987 | 73.28 US dollars, PPP converted | +14.5% |
| 1989 | 95.75 US dollars, PPP converted | +30.7% |
| 1990 | 95.37 US dollars, PPP converted | -0.4% |
| 1991 | 112.5 US dollars, PPP converted | +18.0% |
| 1992 | 125 US dollars, PPP converted | +11.1% |
| 1993 | 127.11 US dollars, PPP converted | +1.7% |
| 1994 | 136.27 US dollars, PPP converted | +7.2% |
| 1995 | 152.22 US dollars, PPP converted | +11.7% |
| 1997 | 200.29 US dollars, PPP converted | +31.6% |
| 1998 | 233.4 US dollars, PPP converted | +16.5% |
| 1999 | 278.29 US dollars, PPP converted | +19.2% |
| 2000 | 336.38 US dollars, PPP converted | +20.9% |
| 2001 | 386.42 US dollars, PPP converted | +14.9% |
| 2002 | 386.06 US dollars, PPP converted | -0.1% |
| 2003 | 378.16 US dollars, PPP converted | -2.0% |
| 2005 | 429.08 US dollars, PPP converted | +13.5% |
| 2006 | 485.36 US dollars, PPP converted | +13.1% |
| 2007 | 467.52 US dollars, PPP converted | -3.7% |
| 2008 | 464.67 US dollars, PPP converted | -0.6% |
| 2009 | 451.31 US dollars, PPP converted | -2.9% |
| 2011 | 411.22 US dollars, PPP converted | -8.9% |
| 2013 | 304.63 US dollars, PPP converted | -25.9% |
| 2014 | 354.16 US dollars, PPP converted | +16.3% |
| 2015 | 413.99 US dollars, PPP converted | +16.9% |
| 2016 | 423.89 US dollars, PPP converted | +2.4% |
| 2017 | 433.4 US dollars, PPP converted | +2.2% |
| 2018 | 434.52 US dollars, PPP converted | +0.3% |
| 2019 | 515.8 US dollars, PPP converted | +18.7% |
| 2020 | 508.41 US dollars, PPP converted | -1.4% |
| 2021 | 598.66 US dollars, PPP converted | +17.8% |
| 2022 | 610.1 US dollars, PPP converted | +1.9% |
| 2023 | 656.12 US dollars, PPP converted | +7.5% |
| 2024 | 610.82 US dollars, PPP converted | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 65.26 US dollars, PPP converted | 50.27 US dollars, PPP converted | 95.75 US dollars, PPP converted | 7 |
| 1990s | 162.27 US dollars, PPP converted | 95.37 US dollars, PPP converted | 278.29 US dollars, PPP converted | 9 |
| 2000s | 420.55 US dollars, PPP converted | 336.38 US dollars, PPP converted | 485.36 US dollars, PPP converted | 9 |
| 2010s | 411.45 US dollars, PPP converted | 304.63 US dollars, PPP converted | 515.8 US dollars, PPP converted | 8 |
| 2020s | 596.82 US dollars, PPP converted | 508.41 US dollars, PPP converted | 656.12 US dollars, PPP converted | 5 |
Countries ranked near Iceland
- 30 Chile 2,189 US dollars, PPP converted compare
- 31 Bulgaria 1,530 US dollars, PPP converted compare
- 32 Luxembourg 811.42 US dollars, PPP converted compare
- 34 Costa Rica 393.92 US dollars, PPP converted compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and source in Iceland?
- Gross domestic expenditure on r&d by sector of performance and source in Iceland was 610.82 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and source recorded in Iceland?
- The highest recorded value was 656.12 US dollars, PPP converted in 2023.
- What is the lowest gross domestic expenditure on r&d by sector of performance and source recorded in Iceland?
- The lowest recorded value was 50.27 US dollars, PPP converted in 1981.
- How does Iceland rank for gross domestic expenditure on r&d by sector of performance and source?
- Iceland ranks 33rd out of 34 countries with data for 2024.
- Is gross domestic expenditure on r&d by sector of performance and source rising or falling in Iceland?
- Over the last ten years it is up 72.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Gross domestic expenditure on R&D by sector of performance and source of funds — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table contains gross research and development (R&D) expenditure statistics broken down by sector of performance (business enterprise, government, higher education, private non-profit, and total intramural) and by source of funds (business enterprise, government - including public general university funds -, higher education, private non-profit and funds from the rest of the World - including funds from enterprises and other funds from the rest of the World).