Faroe Islands: Research and development expenditure, percent of GDP
For that indicator, The United Nations provides 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 minumum of 0.86 percent in 2003 and a maximum of 0.86 percent in 2003.
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The expenditure for R&D on the charts includes both private and public spending on research and development.
Definition: Gloss 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.