Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Iceland
Iceland: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 542.26 Million euro in 2024. ◆ Volatile
Latest (2024)
542.26 Million euro
Change on year
down 5.7%
World rank
38th
of 52 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 52 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 Rev. 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% |
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
- 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (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 52 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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