Iceland Business-Funded R&D Expenditure (2023)
Iceland's Business-Funded R&D Expenditure: 1.1 % of GDP in 2023, -0.3pp YoY. Eurostat (RD_E_GERDFUND), 2000–2023.
Iceland (2023)
1.1
% of GDP
-0.3pp YoY
YoY Change
-0.3pp
percentage points
Trend
down
Series length
19
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2023 | 1.1 | -0.3pp |
| 2022 | 1.3 | +0pp |
| 2021 | 1.3 | +0.3pp |
| 2020 | 1 | +0pp |
| 2019 | 1 | +0.1pp |
| 2018 | 0.9 | +0.1pp |
| 2017 | 0.8 | -0.1pp |
| 2016 | 0.9 | +0pp |
| 2015 | 0.9 | +0.2pp |
| 2014 | 0.7 | +0.1pp |
| 2013 | 0.6 | -0.6pp |
| 2011 | 1.2 | -0.1pp |
| 2009 | 1.2 | +0pp |
| 2008 | 1.2 | -0pp |
| 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 most recent year-on-year change was -0.3pp. The historical series (2000–2023) shows a peak of 1.4 in 2006 and a trough of 0.6 in 2013.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks iceland business-funded r&d expenditure in Iceland, published by Eurostat. Data covers 2000–2023 at annual frequency using harmonised methodology.
The most recent observation covers 2023. Eurostat typically publishes this series with a lag of several months after the reference period. Data is updated annual.
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 year-on-year change of -0.3pp.