Iceland - Higher Education Expenditure on R&D Financed by the Business Enterprise Sector
Since 2014, Iceland Higher Education Expenditure on R&D Financed by the Business Enterprise Sector was down by 32.5% year on year. In 2019, the country was number 53 comparing other countries in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector with $0.45 Million PPP. Iceland is overtaken by Cyprus, which was number 52 with $0.77 Million PPP and is followed by Malta with $0.28 Million PPP. China ranked the highest with $9,388.03 Million PPP in 2019, that is +1.9% versus 2018. United States, Germany and Russia respectively ranked number 2, 3 and 4 in this ranking. Italy witnessed the best average annual growth at +38.6% per year, while Croatia recorded the worst performance at -35.2% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 0.45 |
| 2018 | 0.66 |
| 2017 | 1.05 |
| 2016 | 2.72 |
| 2015 | 2.09 |
How does Iceland rank in Higher Education Expenditure on R&D Financed by the Business Enterprise Sector?
| # | 54 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
9,388.03 | 2019 | +1.9 % | +3.1 % | View data | |
| 2 |
#2
United States
|
4,090.77 | 2019 | +1.1 % | +5.1 % | View data | |
| 52 |
#52
Cyprus
|
0.77 | 2019 | +2.4 % | +19.0 % | View data | |
| 53 |
#53
Iceland
|
0.45 | 2019 | -31.8 % | -32.5 % | View data | |
| 54 |
#54
Malta
|
0.28 | 2019 | +7.0 % | +25.9 % | View data | |