Iceland Business-Funded R&D Expenditure (2023)
Iceland's Business-Funded R&D Expenditure: 1.1 % of GDP in 2023, -0.2pp YoY. Eurostat (RD_E_GERDFUND), 2001–2023.
Iceland (2023)
1.1
% of GDP
-0.2pp YoY
YoY Change
-0.2pp
percentage points
Trend
down
Series length
19
years of data
Data
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 1.1 | -0.2pp |
| 2022 | 1.3 | unchanged |
| 2021 | 1.3 | +0.3pp |
| 2020 | 1 | unchanged |
| 2019 | 1 | +0.1pp |
| 2018 | 0.9 | +0.1pp |
| 2017 | 0.8 | -0.1pp |
| 2016 | 0.9 | unchanged |
| 2015 | 0.9 | +0.2pp |
| 2014 | 0.7 | +0.1pp |
| 2013 | 0.6 | -0.6pp |
| 2011 | 1.2 | unchanged |
| 2009 | 1.2 | unchanged |
| 2008 | 1.2 | -0.1pp |
| 2007 | 1.3 | -0.1pp |
| 2006 | 1.4 | +0.1pp |
| 2005 | 1.3 | +0.1pp |
| 2003 | 1.2 | -0.1pp |
| 2001 | 1.3 | n/a |
About this Dataset
Iceland recorded 1.1 % of GDP in 2023. The latest change was -0.2pp. Across 2001–2023 the series ranges from 0.6 in 2013 to 1.4 in 2006.
This page tracks R&D expenditure funded by the business enterprise sector as a share of GDP in Iceland from 2000 to present. Business-funded R&D reflects private sector innovation investment and the depth of industry-driven research.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks R&D expenditure funded by the business enterprise sector as a share of GDP in Iceland from 2000 to present. Business-funded R&D reflects private sector innovation investment and the depth of industry-driven research. It is published by Eurostat and updated annually.
The most recent observation covers 2023. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2001–2023 (19 observations).
The series peaked at 1.4 % of GDP in 2006 and reached its lowest recorded value of 0.6 in 2013. The latest reading of 1.1 in 2023 represents a change of -0.2pp.