* indicates monthly or quarterly data series
Iceland: Research and development expenditure, percent of GDP: For that indicator, The United Nations provides data for Iceland from 1997 to 2015. The average value for Iceland during that period was 2.44 percent with a minumum of 1.77 percent in 2013 and a maximum of 2.91 percent in 2006. 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: 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.