R&D expenditure: Iceland in 3rd place

10.5.2005

Iceland has been ranked in 3rd place when it comes to research and development expenditure as a percentage of GDP.  Sweden and Finland are the leading European countries with 4.3% and 3.5% of GDP respectively.  In 2002, total R&D expenditure represented almost 2% of GDP for the EU-25, with a Business Enterprise Sector R&D intensity of 1.3%.  More information can be found in the most recent Eurostat Statistics in focus newsletter.