{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"is-rd-expenditure-gdp","url":"https://apiardata.com/statistics/is-rd-expenditure-gdp","html_url":"https://apiardata.com/statistics/is-rd-expenditure-gdp/","title":"Iceland R&D Expenditure (% of GDP) (2024)","description":"Iceland's R&D Expenditure (% of GDP): 2.5 % of GDP in 2024, -0.1pp YoY. Eurostat (RD_E_GERDTOT), 2000–2024.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","Iceland","2024"],"publisher":"Eurostat","frequency":"Annual","geography":"Iceland","temporal_coverage":"2000/2024","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2024","variable_measured":"Iceland R&D Expenditure (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/RD_E_GERDTOT/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2024"},{"label":"Observations","value":"22"},{"label":"Geography","value":"Iceland"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Iceland (2024)","value":"2.5","unit":"% of GDP","trend":{"direction":"down","value":"-0.1pp YoY"}},{"label":"YoY Change","value":"-0.1pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"22","unit":"years of data"}],"series":[{"key":"value","label":"Iceland R&D Expenditure (% of GDP)"}],"observation_count":22,"observations":[{"period":"2000","value":2.54},{"period":"2001","value":2.81},{"period":"2002","value":2.79},{"period":"2003","value":2.67},{"period":"2005","value":2.63},{"period":"2006","value":2.82},{"period":"2007","value":2.5},{"period":"2008","value":2.44},{"period":"2009","value":2.59},{"period":"2011","value":2.38},{"period":"2013","value":1.68},{"period":"2014","value":1.92},{"period":"2015","value":2.16},{"period":"2016","value":2.08},{"period":"2017","value":2.06},{"period":"2018","value":1.97},{"period":"2019","value":2.31},{"period":"2020","value":2.44},{"period":"2021","value":2.73},{"period":"2022","value":2.56},{"period":"2023","value":2.62},{"period":"2024","value":2.47}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2024","value":"2.5","yoyChange":"-0.1pp"},{"year":"2023","value":"2.6","yoyChange":"unchanged"},{"year":"2022","value":"2.6","yoyChange":"-0.1pp"},{"year":"2021","value":"2.7","yoyChange":"+0.3pp"},{"year":"2020","value":"2.4","yoyChange":"+0.1pp"},{"year":"2019","value":"2.3","yoyChange":"+0.3pp"},{"year":"2018","value":"2.0","yoyChange":"-0.1pp"},{"year":"2017","value":"2.1","yoyChange":"unchanged"},{"year":"2016","value":"2.1","yoyChange":"-0.1pp"},{"year":"2015","value":"2.2","yoyChange":"+0.3pp"},{"year":"2014","value":"1.9","yoyChange":"+0.2pp"},{"year":"2013","value":"1.7","yoyChange":"n/a"},{"year":"2011","value":"2.4","yoyChange":"n/a"},{"year":"2009","value":"2.6","yoyChange":"+0.2pp"},{"year":"2008","value":"2.4","yoyChange":"-0.1pp"},{"year":"2007","value":"2.5","yoyChange":"-0.3pp"},{"year":"2006","value":"2.8","yoyChange":"+0.2pp"},{"year":"2005","value":"2.6","yoyChange":"n/a"},{"year":"2003","value":"2.7","yoyChange":"-0.1pp"},{"year":"2002","value":"2.8","yoyChange":"unchanged"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks total R&D expenditure (GERD, % of GDP) in Iceland from 2000 to present. Show progress toward the EU 3% of GDP target. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2024. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2024 (22 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 2.8 % of GDP in 2006 and reached its lowest recorded value of 1.7 in 2013. The latest reading of 2.5 in 2024 represents a change of -0.1pp."}]}