Emirates News Agency – EU investment in R&D increased to €328 billion in 2021

BRUSSELS,2nd December, 2022 (WAM) – The EU spent €328 billion on research & development (R&D) in 2021, up 6% compared with the previous year (€310 billion). Compared with 2011, there was a 43.9% increase, according to figures published by Eurostat, the statistical office of the European Union.

When looking at R&D intensity, i.e. R&D expenditure as a percentage of GDP, data show a decrease from 2.31% in 2020 to 2.27% in 2021. This fall could be explained by GDP rebound in 2021 after the significant drop in 2020 as a result of the COVID-19 pandemic. Still, compared with 2019 (2.23%), before the pandemic, R&D intensity increased by 0.04 percentage points (pp) in 2021, while compared with the previous 10 years, it increased by 0.25 pp.

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.

Among the EU Member States, the highest R&D intensity in 2021 was recorded in Sweden (3.35%), followed by Austria (3.22%) and Belgium (3.19%). Six Member States reported R&D expenditure below 1% of their GDP in 2021: Romania (0.48%), Malta (0.65%), Latvia (0.71%), Bulgaria (0.81%), Cyprus (0.89%) and Slovakia (0.95%).

Two-thirds of EU Member States reported a higher R&D intensity in 2021 than in 2011. However, the most significant decreases in R&D intensity took place in Finland (-0.64 pp), Estonia (-0.51 pp), Ireland (-0.49 pp) and Luxembourg (-0.41 pp).

At the other end of the range, the biggest increases in R&D intensity between 2011 and 2021 were recorded in Belgium (+1.02 pp), Greece (+0.76 pp), Poland (+0.69 pp), Austria (+0.55 pp) and Croatia (+0.53 pp).

When we look at R&D expenditure by sector in the EU, the business enterprise sector continued to account for the largest share of the R&D (66.08% of total R&D disbursed in 2021), followed by the higher education sector (21.58%), the government sector (11.89%) and the private non-profit sector (0.44%).

This content was originally posted at Emirates News Agency on the Source link . Always refer to the original source for updates and more details.

Content Admin

About Author

TotalUAE is a content aggregator and publisher. We collect the useful data from authentic sources and publish it in the public interest. We also publish the press releases and maintain an authentic business listings directory for UAE.

You may also like


Emirates News Agency – Dubai Customs issues authorisation certificates to free zone companies to enhance investments

Sun 16-10-2022 14:31 PM DUBAI,16th October, 2022 (WAM) – Dubai Customs provides the best customs services and facilities to licensed

Emirates News Agency – Ministry of Interior , Dubai Customs sign MoU

Fri 07-10-2022 00:20 AM ABU DHABI, 10th June, 2022 (WAM) – In a move aimed at stepping up cooperation and