Iceland - Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Iceland Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors jumped by 6.4% year on year. In 2019, the country was ranked number 20 among other countries in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors with $8.71 Million PPP. Iceland is overtaken by Russia, which was number 19 at $10.25 Million PPP and is followed by Poland with $7.09 Million PPP. United States ranked the highest with $695 Million PPP in 2019, +4.4% compared to 2018. United Kingdom, Canada and Germany respectively ranked number 2, 3 and 4 in this ranking. Mexico witnessed the best average annual growth at +58.7% per year, while Russia witnessed the worst performance at -23.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 8.71 |
| 2018 | 7.84 |
| 2017 | 5.48 |
| 2016 | 16.34 |
| 2015 | 14.48 |
How does Iceland rank in Business Enterprise Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors?
| # | 44 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
695.00 | 2019 | +4.3 % | +5.8 % | View data | |
| 2 |
#2
United Kingdom
|
403.54 | 2019 | +12.6 % | +15.7 % | View data | |
| 19 |
#19
Russia
|
10.25 | 2019 | -8.5 % | -23.1 % | View data | |
| 20 |
#20
Iceland
|
8.71 | 2019 | +11.1 % | +6.4 % | View data | |
| 21 |
#21
Poland
|
7.09 | 2019 | +19.3 % | +8.6 % | View data | |