Austrian R&D quota increases to 3.19% of GDP in 2019
In Austria, expenditure on research and development (R&D) increases to 3.19% of GDP in 2019. Statistics Austria, the Austrian statistics office, published its most recent estimate on 11 April 2019, according to which approximately € 12.8 billion will be spent on research and development (R&D) in Austria in 2019. This means that the R&D intensity – R&D expenditure as a percentage of the nominal gross domestic product (GDP) – increases from 3.17% in 2018 to 3.19%. By comparison among EU countries (latest available data 2017), Austria has the second largest research intensity among the EU-28, surpassed only by Sweden (3.40%). Other countries above the 3% EU target are Denmark (3.05%) and Germany (3.02%). The EU average is 2.06%. Large non-European economies have a much higher R&D expenditure rate than the EU (South Korea 4.55%, Japan 3.20%, the US 2.79%. China reached 2.13% in 2017.
The nominal increase of the total Austrian R&D expenditure from 2018 to 2019 is estimated to be 4.5%. Thus, it is higher than the forecasted rise of the gross national product of 3.8%. Since 2014, Austrian R&D intensity has been above the 3% target set by the EU for 2020, but below the Austrian target of 3.76%. In the past two decades, domestic expenditure on research and development has risen sharply: In 2009, research intensity reached 2.60%; 20 years ago, it was 1.85%.
49% of R&D expenditure are expected to come from domestic enterprises (approx. € 6.3 billion). 34.9% will come from the public sector (approx. € 4.5 billion). The federal government with almost € 3.8 billion (29.6%) will be by far the most important funding source. R&D funding of the federal government also includes reimbursements via the research premium, which are estimated to an amount of €670 million by the Federal Ministry of Finance for 2019. The increase of public R&D funding (+3.6% compared to 2018) will be slightly below the rise of the gross national product. Around € 547 million will be financed by the regional governments and further public institutions. € 2 billion will be financing from abroad, mainly from multinational enterprises whose affiliates do research in Austria. R&D funding by the private non-profit sector will amount to around € 77 million.
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