Iceland vs Latin America and the Caribbean: Research and development expenditure as a proportion of GDP
Iceland
2.6%
in 2023
Latin America and the Caribbean
0.6%
in 2023
Iceland rank
15th
Latin America and the Caribbean rank
16th
Research and development expenditure as a proportion of GDP over time
- Iceland
- Latin America and the Caribbean
How they compare
Iceland currently reports 2.6% against 0.6% in Latin America and the Caribbean, a difference of 2.0%.
That makes Iceland's figure about 4.6 times Latin America and the Caribbean's.
Across all 21 years both countries report, Iceland has been ahead every year.
Iceland ranks 15th and Latin America and the Caribbean ranks 16th of 121 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Latin America and the Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.7% | 0.6% | 2.1% | Iceland |
| 2010s | 2.1% | 0.6% | 1.5% | Iceland |
| 2020s | 2.6% | 0.6% | 2.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher research and development expenditure as a proportion of gdp, Iceland or Latin America and the Caribbean?
- Iceland, at 2.6% against 0.6% in Latin America and the Caribbean as of 2023.
- What is the difference in research and development expenditure as a proportion of gdp between Iceland and Latin America and the Caribbean?
- 2.0%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latin America and the Caribbean?
- 21 years are reported by both, from 2000 to 2023.
- How do Iceland and Latin America and the Caribbean rank globally for research and development expenditure as a proportion of gdp?
- Iceland ranks 15th and Latin America and the Caribbean ranks 16th of 121 countries.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Research and development expenditure as a proportion of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.