Virgin Islands (US) R&D Spending
Research and development expenditure as % of GDP GB.XPD.RSDV.GD.ZS
Virgin Islands (US)'s r&d spending was 0.03% in 2007, ranked 94th globally. This represents a 13.0% decrease from 2006. Data from World Bank, covering 2002–2007.
Overview
Virgin Islands (US)'s r&d spending stood at 0.03% in 2007, a decline of +0.00% from 2006. Virgin Islands (US) ranked 94th globally.
Virgin Islands (US) research and development expenditure fell from 0.07 % of GDP in 2002, the series’ highest point, to 0.03 % in 2007, the lowest level recorded over the six‑year coverage period, placing the territory 94th globally in the most recent year. This downward swing represents a 57.1 % decline in the share of GDP devoted to R&D, a contraction that outpaces the modest declines observed in peer economies such as Bosnia and Herzegovina, which posted 0.03 % in the same period, and contrasts with Saudi Arabia’s 0.05 % and Macao SAR’s 0.06 % in 2007. The trough in 2007 coincided with broader fiscal pressures in the Caribbean, limiting public and private capacity to fund innovation. With the territory’s economy heavily dependent on tourism and services, sustaining or reversing the current trajectory will likely require targeted policy incentives, diversification of the industrial base, and stronger linkages to international research networks to stimulate a modest rebound in R&D intensity.
Data & projection
| Year | R&D Spending | YoY change | Rank |
|---|---|---|---|
| 2007 | 0.03% | −0.00% | #94 |
| 2006 | 0.03% | +0.00% | #84 |
| 2005 | 0.03% | −0.00% | #90 |
| 2004 | 0.03% | −0.00% | #93 |
| 2003 | 0.04% | −0.03% | #91 |
| 2002 | 0.07% | – | #86 |
Analysis
Virgin Islands (US)'s r&d spending was 0.03% in 2007, a decline of −0.00% from 2006.
Frequently Asked Questions
Virgin Islands (US)'s r&d spending was 0.03% in 2007. Ranked 94th globally. This represents a 13.0% decrease from the previous year.
Virgin Islands (US)'s r&d spending peaked at 0.07% in 2002.
The lowest r&d spending in Virgin Islands (US) was 0.03% in 2007.
Virgin Islands (US) ranks 94th globally in r&d spending as of 2007.
The World Bank indicator code is GB.XPD.RSDV.GD.ZS. Data sourced from World Bank.
The r&d spending of Virgin Islands (US) in 2007 was 0.03%. This ranks 94th in the world.
Cite this page
@misc{historysaid_virgin-islands-us_rd-spending,
title = {Virgin Islands (US) R&D Spending},
url = {https://historysaid.com/virgin-islands-us/rd-spending/},
publisher = {HistorySaid},
year = {2026}
}