Iceland - Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors
Since 2014, Iceland Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors jumped by 2.9% year on year. In 2019, the country was number 44 among other countries in Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors at $23.08 Million PPP. Iceland is overtaken by Hungary, which was ranked number 43 with $23.53 Million PPP and is followed by Luxembourg with $15.58 Million PPP. United States lead the ranking with $43,853.06 Million PPP in 2019, that is +2.4% versus 2018. Japan, Canada and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. Lithuania witnessed the best average annual growth at +60.9% per year, while Costa Rica recorded the worst performance at -18.1% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 23.08 |
| 2018 | 21.52 |
| 2017 | 18.27 |
| 2016 | 30.60 |
| 2015 | 28.65 |
How does Iceland rank in Gross Domestic Expenditure on R&D Financed by the Higher Education and Private Non-Profit Sectors?
| # | 54 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
43,853.06 | 2019 | +2.4 % | +5.6 % | View data | |
| 2 |
#2
Japan
|
10,064.68 | 2019 | +1.9 % | -1.1 % | View data | |
| 43 |
#43
Hungary
|
23.53 | 2019 | +1.9 % | -0.0 % | View data | |
| 44 |
#44
Iceland
|
23.08 | 2019 | +7.3 % | +2.9 % | View data | |
| 45 |
#45
Luxembourg
|
15.58 | 2019 | +3.9 % | NA | View data | |