GERD by sector of performance and type of R&D in Iceland
Iceland: GERD by sector of performance and type of R&D was 757.42 Million euro in 2024. ◆ Volatile
Latest (2024)
757.42 Million euro
Change on year
down 1.4%
World rank
45th
of 52 countries
All-time high
768.07 Million euro
in 2023
All-time low
19.95 Million euro
in 1981
Years of data
38
1981–2024
GERD by sector of performance and type of R&D in Iceland, 1981–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, gerd by sector of performance and type of r&d in Iceland stood at 757.42 Million euro.
That represents a change of down 1.4% on the previous year and up 190.4% over ten years.
Over the whole period, gerd by sector of performance and type of r&d in Iceland peaked at 768.07 Million euro in 2023 and was at its lowest, 19.95 Million euro, in 1981.
That places Iceland 45th out of 52 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GERD by sector of performance and type of R&D in Iceland, year by year
| Year | Million euro | Change |
|---|---|---|
| 1981 | 19.95 Million euro | — |
| 1983 | 21.02 Million euro | +5.3% |
| 1984 | 26.01 Million euro | +23.8% |
| 1985 | 28.29 Million euro | +8.8% |
| 1986 | 28.72 Million euro | +1.5% |
| 1987 | 35.72 Million euro | +24.4% |
| 1989 | 50.12 Million euro | +40.3% |
| 1990 | 48.81 Million euro | -2.6% |
| 1991 | 63.28 Million euro | +29.6% |
| 1992 | 71.12 Million euro | +12.4% |
| 1993 | 69.37 Million euro | -2.5% |
| 1994 | 72.76 Million euro | +4.9% |
| 1995 | 82.16 Million euro | +12.9% |
| 1997 | 119.97 Million euro | +46.0% |
| 1998 | 147.71 Million euro | +23.1% |
| 1999 | 188.15 Million euro | +27.4% |
| 2000 | 251.45 Million euro | +33.6% |
| 2001 | 260.62 Million euro | +3.7% |
| 2002 | 279.61 Million euro | +7.3% |
| 2003 | 273.75 Million euro | -2.1% |
| 2005 | 363.58 Million euro | +32.8% |
| 2006 | 398.42 Million euro | +9.6% |
| 2007 | 400.9 Million euro | +0.6% |
| 2008 | 272.34 Million euro | -32.1% |
| 2009 | 244.63 Million euro | -10.2% |
| 2011 | 262.82 Million euro | +7.4% |
| 2013 | 205.34 Million euro | -21.9% |
| 2014 | 260.85 Million euro | +27.0% |
| 2015 | 344.55 Million euro | +32.1% |
| 2016 | 396.79 Million euro | +15.2% |
| 2017 | 456.69 Million euro | +15.1% |
| 2018 | 444.94 Million euro | -2.6% |
| 2019 | 515.85 Million euro | +15.9% |
| 2020 | 471.12 Million euro | -8.7% |
| 2021 | 606.28 Million euro | +28.7% |
| 2022 | 709.84 Million euro | +17.1% |
| 2023 | 768.07 Million euro | +8.2% |
| 2024 | 757.42 Million euro | -1.4% |
Iceland compared with similar countries
- Iceland's 757.42 Million euro is below the median for Europe & Central Asia, which is 5,020 Million euro, 15% of the median. (35 countries reporting)
- Iceland's 757.42 Million euro is below the median for high income countries, which is 8,893 Million euro, 9% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 29.98 Million euro | 19.95 Million euro | 50.12 Million euro | 7 |
| 1990s | 95.93 Million euro | 48.81 Million euro | 188.15 Million euro | 9 |
| 2000s | 305.03 Million euro | 244.63 Million euro | 400.9 Million euro | 9 |
| 2010s | 360.98 Million euro | 205.34 Million euro | 515.85 Million euro | 8 |
| 2020s | 662.55 Million euro | 471.12 Million euro | 768.07 Million euro | 5 |
Countries ranked near Iceland
More science & technology data for Iceland
- Mobile landline subscriptions, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile landline subscriptions, gaps filled 120.93 (2024)
- Mobile cellular subscriptions by country, per capita 1.23 units per person (2024)
- Mobile cellular subscriptions by country, per unit of GDP 0 units per US$ of GDP (2024)
- Mobile cellular subscriptions by country, gaps filled 475,724 (2024)
- Mobile cellular subscriptions by country, per square kilometre 4.67 units per square kilometre (2023)
- Mobile landline subscriptions, annual growth rate -0.4503 % change on previous year (2024)
- Mobile cellular subscriptions by country, annual growth rate 1.05 % change on previous year (2024)
- Patent applications, nonresidents 5 (2024)
- Scientific and technical journal articles 715.97 (2023)
Frequently asked questions
- What is gerd by sector of performance and type of r&d in Iceland?
- Gerd by sector of performance and type of r&d in Iceland was 757.42 Million euro in 2024, according to Eurostat.
- What is the highest gerd by sector of performance and type of r&d recorded in Iceland?
- The highest recorded value was 768.07 Million euro in 2023.
- What is the lowest gerd by sector of performance and type of r&d recorded in Iceland?
- The lowest recorded value was 19.95 Million euro in 1981.
- How does Iceland rank for gerd by sector of performance and type of r&d?
- Iceland ranks 45th out of 52 countries with data for 2024.
- Is gerd by sector of performance and type of r&d rising or falling in Iceland?
- Over the last ten years it is up 190.4%. 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 GERD by sector of performance and type of R&D. Statizoid updates them automatically from the source API.
Download this data
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