Home/Countries/Denmark/R&D Spending (% of GDP)

Denmark—R&D Spending (% of GDP)

Category: TechnologySource: World Bank World Development Indicators ↗Global Rank: #12 of 114Series years: 2000–2023
Latest Value
3.05%
2023
YoY Change
+6.3%
2022 → 2023
Global Rank
#12
of 114 countries
Maximum
3.10%
2016
Minimum
2.19%
2000
CAGR
+1.5%
24 years
Last
3.05%
Previous
2.87%
Highest
3.10%
Lowest
2.19%
Unit
% of GDP
Source
World Bank World Development Indicators

Denmark's R&D spending (% of GDP) was 3.05% in 2023, ranking #12 out of 114 countries. This represents a +6.3% change from 2022. Over the past 24 years, the highest recorded value was 3.10% (2016) and the lowest was 2.19% (2000). Data sourced from the World Bank World Development Indicators.

Denmark — R&D Spending (% of GDP): 3.04841 % of GDP for reference year 2023. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators

Historical Data

YearValueChange
20233.05%+6.3%
20222.87%+4.5%
20212.74%-7.5%
20202.97%+2.0%
20192.91%-2.4%
20182.98%+1.5%
20172.94%-5.4%
20163.10%+1.2%
20153.06%+5.1%
20142.92%-1.6%
20132.96%-0.8%
20122.98%+1.4%
20112.94%+1.0%
20102.91%-4.2%
20093.04%+10.2%
20082.76%+10.0%
20072.51%+4.6%
20062.40%+0.5%
20052.39%-1.1%
20042.41%-3.7%
20032.51%+2.8%
20022.44%+5.0%
20012.32%+6.2%
20002.19%

Top Countries — R&D Spending (% of GDP)

#CountryValueYear
1Israel6.35%2023
2Liechtenstein6.01%2023
3Korea, Rep.4.94%2023
4Sweden3.60%2023
5United States3.45%2023
6Japan3.44%2023
7Belgium3.27%2023
8Austria3.26%2023
9Switzerland3.22%2023
10Germany3.15%2023
View all 114 countries →

About This Indicator

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.

Methodology

Data compiled by Stat Bulk Data Download Service, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources/bulk, publisher: UNESCO Institute for Statistics (UIS), date accessed: 2025-03-26, date published: 2025-02.

Unit

% of GDP

Source: World Bank (World Development Indicators)Available series: 2000–2023View original source →