Virgin Islands - Research and development expenditure

Research and development expenditure (% of GDP)

Research and development expenditure (% of GDP) in Virgin Islands was 0.027 as of 2007. Its highest value over the past 5 years was 0.066 in 2002, while its lowest value was 0.027 in 2007.

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.

Source: UNESCO Institute for Statistics (http://uis.unesco.org/)

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Classification

Topic: Infrastructure Indicators

Sub-Topic: Technology