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GM01022 Business enterprise research and development expenditure by main industry groups and field (2022)

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Kristina Arge Simonsen
6/19/2024
DKK 1,000
Y
4/1/2025
6/19/2024
Yes
Statistics Faroe Islands: www.hagstova.fo/en
GM01022_BERD_FORD
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Research and experimental development statistics are made in accordance with standards of UN (Frasacti manual). This ensures that the figures are comparable with similar figures from other countries.
The data is collected with annual surveys. Research and development
A set of common features identifies R&D activities, even if these are carried out by different performers. R&D activities may be aimed at achieving either specific or general objectives. R&D is always aimed at new findings, based on original concepts (and their interpretation) or hypotheses. It is largely uncertain about its final outcome (or at least about the quantity of time and resources needed to achieve it), it is planned for and budgeted (even when carried out by individuals), and it is aimed at producing results that could be either freely transferred or traded in a marketplace. For an activity to be an R&D activity, it must satisfy five core criteria.
The activity must be:
• novel
• creative
• uncertain
• systematic
• transferable and/or reproducible
Source: Frascati manual 2025, OECD 2015

Field of R&D

The OECD fields of research and development (FORD) classification has been developed in the framework of the Frascati Manual and is used to classify R&D units and resources by fields of enquiry, namely, broad knowledge domains based primarily on the content of the R&D subject matter.

Main industry groups

This table uses NACE Rev. 2. NACE is The Statistical classification of economic activities in the European Community. There are 624 industrial sectors or industries, which are grouped in different degrees. Here, the industrial sectors are classified into three main groups:

Main industry groups

Primary industries

include fishery, sea farming and other primary sectors.

Secondary industries

include food production, other production, water supply and construction.

Tertiary industries

storage, information and communication, bank and insurance, real estate and accommodation, leasing and renting, public administration, education, health services, social systems and other services.