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10 Jan 2019

R&D expenditure in the EU increased slightly in 2017

On 10 January 2019, EUROSTAT published a first estimate of R&D expenditure as a percentage of GDP in the EU Member States which shows that the figure increased slightly from 2.04% in 2016 to 2.07% in 2017. All together, EU Member States spent almost €320 billion on Research & Development.

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.

Over the last ten years, R&D intensity rose in twenty-one Member States, with the highest increases in Austria (+0.74 %) and Belgium (+0.74 %).

In comparison 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%).

More details can be found here.

 

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