According to a 2013 Eurostat report by the European Commission, Iceland spends around 3.11% of its GDP on scientific research and development (R&D), over 1 percentage point higher than the EU average of 2.03%, and has set a target of 4% to reach by 2020. A 2010 UNESCO report found that out of 72 countries that spend the most on R&D (100 million US dollars or more), Iceland ranked 9th by proportion of GDP, tied with Taiwan, Switzerland, and Germany and ahead of France, the UK, and Canada.