Government budget: Government Allocations for R&D (GBARD) in Iceland
Iceland: Government budget: Government Allocations for R&D (GBARD) was 257.19 US dollars, PPP converted in 2024. ▲ Rising
Government budget allocations for R&D — Government Allocations for R&D in Iceland, 1983–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, PPP converted.
Analysis
In 2024, government budget allocations for r&d — government allocations for r&d in Iceland stood at 257.19 US dollars, PPP converted.
That represents a change of down 5.3% on the previous year and up 95.1% over ten years.
Over the whole period, government budget allocations for r&d — government allocations for r&d in Iceland peaked at 271.67 US dollars, PPP converted in 2023 and was at its lowest, 27.19 US dollars, PPP converted, in 1983.
That places Iceland 31st out of 31 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 38 years of available data.
Government budget: Government Allocations for R&D (GBARD) in Iceland, year by year
| Year | US dollars, PPP converted | Change |
|---|---|---|
| 1983 | 27.19 US dollars, PPP converted | — |
| 1984 | 38.27 US dollars, PPP converted | +40.7% |
| 1985 | 40.55 US dollars, PPP converted | +6.0% |
| 1986 | 46.62 US dollars, PPP converted | +15.0% |
| 1991 | 55.29 US dollars, PPP converted | +18.6% |
| 1992 | 43.62 US dollars, PPP converted | -21.1% |
| 1993 | 62.73 US dollars, PPP converted | +43.8% |
| 1994 | 67.37 US dollars, PPP converted | +7.4% |
| 1995 | 71.88 US dollars, PPP converted | +6.7% |
| 1996 | 73.29 US dollars, PPP converted | +2.0% |
| 1997 | 76.65 US dollars, PPP converted | +4.6% |
| 1998 | 112.8 US dollars, PPP converted | +47.2% |
| 1999 | 117.8 US dollars, PPP converted | +4.4% |
| 2000 | 118.36 US dollars, PPP converted | +0.5% |
| 2001 | 123.69 US dollars, PPP converted | +4.5% |
| 2002 | 132.13 US dollars, PPP converted | +6.8% |
| 2003 | 145.42 US dollars, PPP converted | +10.1% |
| 2004 | 127.75 US dollars, PPP converted | -12.2% |
| 2005 | 135.96 US dollars, PPP converted | +6.4% |
| 2006 | 140.33 US dollars, PPP converted | +3.2% |
| 2007 | 148.84 US dollars, PPP converted | +6.1% |
| 2008 | 162.44 US dollars, PPP converted | +9.1% |
| 2009 | 174.22 US dollars, PPP converted | +7.3% |
| 2010 | 158.91 US dollars, PPP converted | -8.8% |
| 2011 | 160.5 US dollars, PPP converted | +1.0% |
| 2012 | 167.68 US dollars, PPP converted | +4.5% |
| 2013 | 132.77 US dollars, PPP converted | -20.8% |
| 2014 | 131.84 US dollars, PPP converted | -0.7% |
| 2015 | 140.48 US dollars, PPP converted | +6.6% |
| 2016 | 163.42 US dollars, PPP converted | +16.3% |
| 2017 | 170.72 US dollars, PPP converted | +4.5% |
| 2018 | 185.34 US dollars, PPP converted | +8.6% |
| 2019 | 182.84 US dollars, PPP converted | -1.3% |
| 2020 | 211.07 US dollars, PPP converted | +15.4% |
| 2021 | 251.88 US dollars, PPP converted | +19.3% |
| 2022 | 252.95 US dollars, PPP converted | +0.4% |
| 2023 | 271.67 US dollars, PPP converted | +7.4% |
| 2024 | 257.19 US dollars, PPP converted | -5.3% |
Iceland compared with similar countries
- Iceland's 257.19 US dollars, PPP converted is below the median for high income countries, which is 3,629 US dollars, PPP converted, 7% of the median. (27 countries reporting)
- Iceland's 257.19 US dollars, PPP converted is below the median for Europe & Central Asia, which is 3,629 US dollars, PPP converted, 7% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Government budget: Government Allocations for R&D (GBARD) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +47.2% | 76.65 US dollars, PPP converted | 112.8 US dollars, PPP converted |
| 1993 | +43.8% | 43.62 US dollars, PPP converted | 62.73 US dollars, PPP converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 38.16 US dollars, PPP converted | 27.19 US dollars, PPP converted | 46.62 US dollars, PPP converted | 4 |
| 1990s | 75.71 US dollars, PPP converted | 43.62 US dollars, PPP converted | 117.8 US dollars, PPP converted | 9 |
| 2000s | 140.91 US dollars, PPP converted | 118.36 US dollars, PPP converted | 174.22 US dollars, PPP converted | 10 |
| 2010s | 159.45 US dollars, PPP converted | 131.84 US dollars, PPP converted | 185.34 US dollars, PPP converted | 10 |
| 2020s | 248.95 US dollars, PPP converted | 211.07 US dollars, PPP converted | 271.67 US dollars, PPP converted | 5 |
Countries ranked near Iceland
More public sector data for Iceland
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
Frequently asked questions
- What is government budget allocations for r&d — government allocations for r&d in Iceland?
- Government budget allocations for r&d — government allocations for r&d in Iceland was 257.19 US dollars, PPP converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest government budget allocations for r&d — government allocations for r&d recorded in Iceland?
- The highest recorded value was 271.67 US dollars, PPP converted in 2023.
- What is the lowest government budget allocations for r&d — government allocations for r&d recorded in Iceland?
- The lowest recorded value was 27.19 US dollars, PPP converted in 1983.
- How does Iceland rank for government budget allocations for r&d — government allocations for r&d?
- Iceland ranks 31st out of 31 countries with data for 2024.
- Is government budget allocations for r&d — government allocations for r&d rising or falling in Iceland?
- Over the last ten years it is up 95.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Government budget allocations for R&D — Government Allocations for R&D (GBARD). Statizoid updates them automatically from the source API.
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About this data
This table contains data on Government budget allocations for R&D (GBARD) by socio-economic objective (SEO), using the NABS 2007 classification