Gross domestic expenditure on R&D by sector of performance and in Iceland
Iceland: Gross domestic expenditure on R&D by sector of performance and was 411.22 US dollars, PPP converted in 2011. ◆ Volatile
Gross domestic expenditure on R&D by sector of performance and in Iceland, 1981–2011
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
In 2011, gross domestic expenditure on r&d by sector of performance and in Iceland stood at 411.22 US dollars, PPP converted.
That represents a change of down 8.9% on the previous year and up 6.4% over ten years.
Over the whole period, gross domestic expenditure on r&d by sector of performance and in Iceland peaked at 485.36 US dollars, PPP converted in 2006 and was at its lowest, 50.27 US dollars, PPP converted, in 1981.
Iceland ranks 30th of 30 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic expenditure on R&D by sector of performance and in Iceland, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1981 | 50.27 US dollars, PPP converted | — |
| 1983 | 53.2 US dollars, PPP converted | +5.8% |
| 1984 | 58.75 US dollars, PPP converted | +10.4% |
| 1985 | 61.52 US dollars, PPP converted | +4.7% |
| 1986 | 64.02 US dollars, PPP converted | +4.1% |
| 1987 | 73.28 US dollars, PPP converted | +14.5% |
| 1989 | 95.75 US dollars, PPP converted | +30.7% |
| 1990 | 95.37 US dollars, PPP converted | -0.4% |
| 1991 | 112.5 US dollars, PPP converted | +18.0% |
| 1992 | 125 US dollars, PPP converted | +11.1% |
| 1993 | 127.11 US dollars, PPP converted | +1.7% |
| 1994 | 136.27 US dollars, PPP converted | +7.2% |
| 1995 | 152.22 US dollars, PPP converted | +11.7% |
| 1997 | 200.29 US dollars, PPP converted | +31.6% |
| 1998 | 233.4 US dollars, PPP converted | +16.5% |
| 1999 | 278.29 US dollars, PPP converted | +19.2% |
| 2000 | 336.38 US dollars, PPP converted | +20.9% |
| 2001 | 386.42 US dollars, PPP converted | +14.9% |
| 2002 | 386.06 US dollars, PPP converted | -0.1% |
| 2003 | 378.16 US dollars, PPP converted | -2.0% |
| 2005 | 429.08 US dollars, PPP converted | +13.5% |
| 2006 | 485.36 US dollars, PPP converted | +13.1% |
| 2007 | 467.52 US dollars, PPP converted | -3.7% |
| 2008 | 464.67 US dollars, PPP converted | -0.6% |
| 2009 | 451.31 US dollars, PPP converted | -2.9% |
| 2011 | 411.22 US dollars, PPP converted | -8.9% |
Iceland compared with similar countries
- Iceland's 411.22 US dollars, PPP converted is below the median for high income countries, which is 8,279 US dollars, PPP converted, 5% of the median. (25 countries reporting)
- Iceland's 411.22 US dollars, PPP converted is below the median for Europe & Central Asia, which is 7,972 US dollars, PPP converted, 5% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 65.26 US dollars, PPP converted | 50.27 US dollars, PPP converted | 95.75 US dollars, PPP converted | 7 |
| 1990s | 162.27 US dollars, PPP converted | 95.37 US dollars, PPP converted | 278.29 US dollars, PPP converted | 9 |
| 2000s | 420.55 US dollars, PPP converted | 336.38 US dollars, PPP converted | 485.36 US dollars, PPP converted | 9 |
| 2010s | 411.22 US dollars, PPP converted | 411.22 US dollars, PPP converted | 411.22 US dollars, PPP converted | 1 |
Countries ranked near Iceland
- 27 Chile 2,189 US dollars, PPP converted compare
- 28 Bulgaria 1,529 US dollars, PPP converted
- 29 Luxembourg 860.1 US dollars, PPP converted compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic expenditure on r&d by sector of performance and in Iceland?
- Gross domestic expenditure on r&d by sector of performance and in Iceland was 411.22 US dollars, PPP converted in 2011, according to Organisation for Economic Co-operation and Development.
- What is the highest gross domestic expenditure on r&d by sector of performance and recorded in Iceland?
- The highest recorded value was 485.36 US dollars, PPP converted in 2006.
- What is the lowest gross domestic expenditure on r&d by sector of performance and recorded in Iceland?
- The lowest recorded value was 50.27 US dollars, PPP converted in 1981.
- How does Iceland rank for gross domestic expenditure on r&d by sector of performance and?
- Iceland ranks 30th out of 30 countries with data for 2011.
- Is gross domestic expenditure on r&d by sector of performance and rising or falling in Iceland?
- Over the last ten years it is up 6.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Gross domestic expenditure on R&D by sector of performance and socio-economic objectives — Gross Domestic Expenditure on R&D (GERD). Statizoid updates them automatically from the source API.
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About this data
This table contains data on Gross domestic expenditure on R&D (GERD) by socio-economic objective (SEO), using the NABS 2007 classification i.e.: Exploration and exploitation of the Earth, Environment, Exploration and exploitation of space, Transport, telecommunication and other infrastructures, Energy, Industrial production and technology, Health, Agriculture, Education, Culture, recreation, religion and mass media, Political and social systems, structures and processes, General advancement of knowledge, and Defence.