Faroe Islands: Research and development expenditure
(measure: percent; Source: The United Nations)
* indicates monthly or quarterly data series
Faroe Islands: Research and development expenditure, percent of GDP
For that indicator, we provide data for the Faroe Islands from 2003 to 2003. The average value for the Faroe Islands during that period was 0.86 percent with a minimum of 0.86 percent in 2003 and a maximum of 0.86 percent in 2003.
The latest value from 2003 is 0.86 percent. For comparison, the world average in 2003 based on 89
countries is 0.87 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The expenditure for R&D on the charts includes both private and public spending on research and development.
Definition: Gross domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.