Weekly bul­letin 22 Janu­ary 2024

Total government expenditure on domestic research and development (R&D) was 2.7% of GDP in 2022. This is slightly higher than the EU average yet lower than in countries like Denmark, Finland, Sweden and Germany.
22 January 2024

The week ahead

  • On Wednesday, Statistics Iceland is set to publish the Wage Index for December.
  • Thursday is an interest rate decision day for the European Central Bank and the US is set to release preliminary national accounts for the fourth quarter of 2023.

Image of the week

Total government expenditure on domestic research and development (R&D) in 2022 amounted to ISK 100 billion, or the equivalent of 2.7% of GDP, according to figures from Statistics Iceland last week. In Western Europe, this ratio is highest in Belgium, followed by Sweden. The ratio is also higher in Finland and Denmark, but Iceland exceeds the EU average slightly.

Highlights of the previous week

Statistics and market data

Weekly bulletin 22 January 2024 (PDF in Icelandic)

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