Gross domestic expenditure on R&D by sector of performance and type in Iceland
Iceland: Gross domestic expenditure on R&D by sector of performance and type was 656.12 US dollars, PPP converted in 2023. ◆ Volatile
Gross domestic expenditure on R&D by sector of performance and type in Iceland, 1981–2023
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
In 2023, gross domestic expenditure on r&d by sector of performance and type in Iceland stood at 656.12 US dollars, PPP converted. That is the highest value across all 37 years on record.
The figure is up 7.5% on the previous year and up 115.4% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and type 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.
That places Iceland 32nd out of 32 countries with data for 2023, putting it 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 type 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% |
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 | 593.32 US dollars, PPP converted | 508.41 US dollars, PPP converted | 656.12 US dollars, PPP converted | 4 |
Countries ranked near Iceland
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 type in Iceland?
- Gross domestic expenditure on r&d by sector of performance and type in Iceland was 656.12 US dollars, PPP converted in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and type 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 type 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 type?
- Iceland ranks 32nd out of 32 countries with data for 2023.
- Is gross domestic expenditure on r&d by sector of performance and type rising or falling in Iceland?
- Over the last ten years it is up 115.4%. 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 type of expenditure — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table presents research and development (R&D) expenditure statistics. Data include gross domestic R&D expenditure by sector of performance (business enterprise, government, higher education, private non-profit, and total intramural) and by type of expenditure (current expenditure, capital expenditure and their respective breakdowns).