Saint Vincent and the Grenadines: Research and development expenditure

The latest value from 2002 is 0.11 percent, an increase from 0.04 percent in 2001. In comparison, the world average is 0.77 percent, based on data from 91 countries. Historically, the average for Saint Vincent and the Grenadines from 2001 to 2002 is 0.08 percent. The minimum value, 0.04 percent, was reached in 2001 while the maximum of 0.11 percent was recorded in 2002. 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.