Faroe Islands: Research and development expenditure

The latest value from 2003 is 0.85 percent, unavailable from percent in . In comparison, the world average is 0.86 percent, based on data from 88 countries. Historically, the average for the Faroe Islands from 2003 to 2003 is 0.85 percent. The minimum value, 0.85 percent, was reached in 2003 while the maximum of 0.85 percent was recorded in 2003. See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for 2003 is 0.85 percent.

The expenditure for R&D on the charts includes both private and public spending on research and development.

Definition: Gross domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.