• info@ncpbrussels.be
  • +32 422 00 21

First estimates of Research & Development expenditure

R&D expenditure in the EU increased slightly to 2.07% of GDP in 2017. Two thirds spent in the business enterprise sector

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.

Continue reading here

 

source

 

My Tweets

ICT-HU ICT_Hungary ICT-HU

RT @IRSUSEU: 📬 Apply to the IRSUS #OpenCall! We're looking for #startups funded from any #H2020 related calls. Apply here https://t.co/fytS…

21 Mar Reply Retweet Favorite
Gábor Kismihók kismihok Gábor Kismihók

@EUErasmusPlus @chris_q_weber Just got an e-mail from the NCP: for KA201, KA202, KA203, KA204, KA229 the deadline… https://t.co/ua0ySORRK2

21 Mar Reply Retweet Favorite
H2020 in Brussels NCP_Brussels H2020 in Brussels

RT @Brussels_hub: « Vis ma vie » de hubster ― Après une journée passée à collecter des données avec notre équipe de terrain, notre Directri…

21 Mar Reply Retweet Favorite
H2020 in Brussels NCP_Brussels H2020 in Brussels

RT @ICT_IDEALIST: Are you preparing a proposal for #H2020 ICT calls? Listen to the top tips of evaluators: https://t.co/miuhsImgK6

21 Mar Reply Retweet Favorite
H2020 in Brussels NCP_Brussels H2020 in Brussels

RT @HorizonMagEU: As the EU institutions reach a provisional agreement on the structure of #HorizonEU, take a look at Commissioner @Moedas’…

21 Mar Reply Retweet Favorite