Finland vs Iceland: Research & development spending as a share of GDP

Finland

3.1%

in 2023

Iceland

2.6%

in 2023

Finland rank

10th

Iceland rank

13th

Research & development spending as a share of GDP over time

Finland currently reports 3.1% against 2.6% in Iceland, a difference of 0.5%.

That makes Finland's figure about 1.2 times Iceland's.

Across all 24 years both countries report, Finland has been ahead every year.

Finland ranks 10th and Iceland ranks 13th of 116 countries.

Indicator: Research & development spending as a share of GDP
Unit: % of GDP
Source: UNESCO UIS Stat Bulk Data Download Service, via World Bank (2026) – processed by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 116 places, 2,375 data points, 1996–2024
Last refreshed: 07 August 2026

Includes basic research, applied research, and experimental development.