Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Iceland
Iceland: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 542.26 Million euro in 2024. ◆ Volatile
Latest (2024)
542.26 Million euro
Change on year
down 5.7%
World rank
38th
of 54 countries
All-time high
575.16 Million euro
in 2023
All-time low
114.66 Million euro
in 2013
Years of data
19
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Iceland, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
Iceland recorded 542.26 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024.
The figure is down 5.7% on the previous year and up 240.4% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Iceland peaked at 575.16 Million euro in 2023 and was at its lowest, 114.66 Million euro, in 2013.
That places Iceland 38th out of 54 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Iceland, year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 187.29 Million euro | — |
| 2006 | 211.95 Million euro | +13.2% |
| 2007 | 218.74 Million euro | +3.2% |
| 2008 | 148.6 Million euro | -32.1% |
| 2009 | 123.1 Million euro | -17.2% |
| 2010 | 131.92 Million euro | +7.2% |
| 2011 | 139.66 Million euro | +5.9% |
| 2013 | 114.66 Million euro | -17.9% |
| 2014 | 159.3 Million euro | +38.9% |
| 2015 | 227.37 Million euro | +42.7% |
| 2016 | 255.62 Million euro | +12.4% |
| 2017 | 293.81 Million euro | +14.9% |
| 2018 | 286.24 Million euro | -2.6% |
| 2019 | 354.46 Million euro | +23.8% |
| 2020 | 319.54 Million euro | -9.9% |
| 2021 | 434.44 Million euro | +36.0% |
| 2022 | 513.22 Million euro | +18.1% |
| 2023 | 575.16 Million euro | +12.1% |
| 2024 | 542.26 Million euro | -5.7% |
Iceland compared with similar countries
- Iceland's 542.26 Million euro is below the median for Europe & Central Asia, which is 3,162 Million euro, 17% of the median. (35 countries reporting)
- Iceland's 542.26 Million euro is below the median for high income countries, which is 6,039 Million euro, 9% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 177.94 Million euro | 123.1 Million euro | 218.74 Million euro | 5 |
| 2010s | 218.12 Million euro | 114.66 Million euro | 354.46 Million euro | 9 |
| 2020s | 476.92 Million euro | 319.54 Million euro | 575.16 Million euro | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Iceland?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Iceland was 542.26 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Iceland?
- The highest recorded value was 575.16 Million euro in 2023.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Iceland?
- The lowest recorded value was 114.66 Million euro in 2013.
- How does Iceland rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Iceland ranks 38th out of 54 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Iceland?
- Over the last ten years it is up 240.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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