24Peaks / Europe / Iceland / R-D Expenditure and Patent Applications

Iceland - R-D Expenditure and Patent Applications 2.64

World Bank WDI · updated 2026-10-15 · 156 economies tracked

Latest value

2.64 (2023)

Global rank

##14 of 156 economies

Share of global total

2.5%

Growth since 1997

1.47×

Ranking Race — R-D Expenditure and Patent Applications

1 = global #1 · higher value ranks higher

#1#11#21#31#41#51#611996200120062011201620212024#12#142019 overtook Netherlands2020 overtook Finland
IcelandCanadaHong KongEgyptRussia

Real annual global ranks, 1996 - 2024. Iceland climbed from #12 to #14 (overtook Netherlands). Gaps in a lane = missing data that year.

Key events for Iceland ↓

Key Events — Iceland

Auto-detected from rank data + curated milestones

2019
Overtook Netherlands in global rank auto
2020
Overtook Finland in global rank auto

R-D Expenditure and Patent Applications, 1997-2023

World Bank WDI · % of GDP · linear scale · ranking in the race above
19972007201720231.692.082.462.85

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