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R&D expenditure in the EU increased slightly to 2.07% of GDP in 2017

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In 2017, the Member States of the European Union (EU) spent all together almost €320 billion on
Research & Development (R&D). The R&D intensity, i.e. R&D expenditure
as a percentage of GDP, stood at 2.07% in 2017, compared with 2.04% in 2016.
Ten years earlier (2007), R&D intensity was 1.77%.

With respect to other major economies, R&D intensity in the EU was much lower than in South Korea (4.22% in 2015), Japan
(3.28% in 2015) and the United States (2.76% in 2015), while it was at
about the same level as in China (2.06%
in 2015) and much higher than in Russia
(1.1% in 2015) and Turkey (0.96%). In order to provide a stimulus to the EU’s
competitiveness, an increase by 2020 of the R&D intensity to 3% in the EU is one of the five headline targets
of the Europe 2020 strategy.

The business enterprise
sector continues to be the main sector in which R&D expenditure was spent,
accounting for 66% of total R&D disbursed in 2017, followed by the higher
education sector (22%), the government sector (11%) and the private non-profit
sector (1%).

This information on Research and Development in the EU is published by Eurostat, the statistical office of the European Union. R&D is a major driver of innovation, and R&D expenditure and intensity are two of the key indicators used to monitor resources devoted to science and technology worldwide.

Research and development intensity in the EU Member
States

(R&D expenditure as % of GDP)

R&D
intensity above 3% in Sweden, Austria, Denmark and Germany

In 2017, the highest
R&D intensities were recorded in Sweden
(3.33%) and Austria (3.16%), followed
by Denmark (3.06%) and Germany (3.02%), all with R&D
expenditure above 3% of GDP, whilst Finland
(2.76%), Belgium (2.58%) and France (2.25% in 2016) registered
R&D expenditure between 2.0% and 3.0% of GDP. At the opposite end of the
scale, eight Member States recorded a R&D intensity below 1%: Romania (0.5%), Latvia (0.51%), Malta
(0.55%), Cyprus (0.56%), Bulgaria (0.75%), Croatia (0.86%), Lithuania
and Slovakia (both 0.88%).

Over the last ten years, R&D intensity rose in twenty-one Member States, with the highest increases in Austria (from 2.42% in 2007 to 3.16% in 2017, or +0.74 percentage points – pp) and Belgium (from 1.84% in 2007 to 2.58% in 2017, or +0.74 pp). Conversely, R&D intensity decreased in six Member States and most strongly in Finland (-0.59 pp) and Luxembourg (-0.33 pp). In Malta, R&D intensity remained at the level of 0.55%.

R&D intensity in the EU Member States, 2017

(R&D expenditure as % of GDP)

* 2016 data instead of 2017

Highest share of R&D spending in the business enterprise sector in
Slovenia and Hungary

The main sector in which R&D was
performed in 2017 was the business enterprise sector in all Member States,
except Cyprus and Latvia (where the higher education
sector was the dominant performing sector) and Lithuania (where the share of higher education sector was the same
as of business enterprise sector).

The highest
shares of R&D expenditure performed in the business enterprise sector were
observed in Slovenia (75%), Hungary (73%), Ireland and Sweden (both
71%), Bulgaria and Austria (both 70%), Germany (69%), Belgium and the United Kingdom (both 68%).

Highest share of R&D spending in the government sector in Romania and the higher
education sector in Latvia

For the government sector, the highest shares were registered in Romania (32%), Lithuania (28%), Luxembourg and Latvia (both 26%). The highest shares of R&D conducted within the higher education sector were recorded in Latvia (47%), Portugal (43%), Cyprus (42%) and Estonia (40%).

Issued by: Eurostat Press Office

The post R&D expenditure in the EU increased slightly to 2.07% of GDP in 2017 appeared first on maltawinds.com.

Original article found on Malta Winds

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