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Government budget allocations for R&D — Government Allocations for R&D in Iceland

Iceland: Government budget allocations for R&D — Government Allocations for R&D was 257.19 US dollars, PPP converted in 2024. ▲ Rising

Latest (2024)
257.19 US dollars, PPP converted
Change on year
down 5.3%
World rank
31st
of 31 countries
All-time high
271.67 US dollars, PPP converted
in 2023
All-time low
27.19 US dollars, PPP converted
in 1983
Years of data
38
1983–2024

Government budget allocations for R&D — Government Allocations for R&D in Iceland, 1983–2024

501001502002501983200320241983: 27.2 US dollars, PPP converted1984: 38.3 US dollars, PPP converted1985: 40.6 US dollars, PPP converted1986: 46.6 US dollars, PPP converted1991: 55.3 US dollars, PPP converted1992: 43.6 US dollars, PPP converted1993: 62.7 US dollars, PPP converted1994: 67.4 US dollars, PPP converted1995: 71.9 US dollars, PPP converted1996: 73.3 US dollars, PPP converted1997: 76.7 US dollars, PPP converted1998: 112.8 US dollars, PPP converted1999: 117.8 US dollars, PPP converted2000: 118.4 US dollars, PPP converted2001: 123.7 US dollars, PPP converted2002: 132.1 US dollars, PPP converted2003: 145.4 US dollars, PPP converted2004: 127.8 US dollars, PPP converted2005: 136 US dollars, PPP converted2006: 140.3 US dollars, PPP converted2007: 148.8 US dollars, PPP converted2008: 162.4 US dollars, PPP converted2009: 174.2 US dollars, PPP converted2010: 158.9 US dollars, PPP converted2011: 160.5 US dollars, PPP converted2012: 167.7 US dollars, PPP converted2013: 132.8 US dollars, PPP converted2014: 131.8 US dollars, PPP converted2015: 140.5 US dollars, PPP converted2016: 163.4 US dollars, PPP converted2017: 170.7 US dollars, PPP converted2018: 185.3 US dollars, PPP converted2019: 182.8 US dollars, PPP converted2020: 211.1 US dollars, PPP converted2021: 251.9 US dollars, PPP converted2022: 253 US dollars, PPP converted2023: 271.7 US dollars, PPP converted2024: 257.2 US dollars, PPP converted

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 allocations for R&D — Government Allocations for R&D 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%

Averages by decade

DecadeAverage LowestHighest 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

  1. 28 Colombia 500.92 US dollars, PPP converted compare
  2. 29 Luxembourg 492.2 US dollars, PPP converted compare
  3. 30 Bulgaria 469.56 US dollars, PPP converted compare

See the full ranking of 43 places →

More public sector data for Iceland

All data for Iceland →

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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Government budget allocations for R&D — Government Allocations for R&D in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 10 September 2026, from https://public-sector.statizoid.com/stat/government-budget-allocations-for-r-and-d-government-allocations-for-r-and-d-gbard/iceland/

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About this data

Indicator
Government budget allocations for R&D — Government Allocations for R&D (GBARD)
Unit
US dollars, PPP converted
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
43 places, 1,446 data points, 1981–2025
Last refreshed

This table contains data on Government budget allocations for R&D (GBARD) by socio-economic objective (SEO), using the NABS 2007 classification