European R&D funding lags behind US, Japan

24th February 2005, Comments 0 comments

24 February 2005, BRUSSELS - The 25 European Union states spent nearly 2 percent of Gross Domestic Product (GDP) on research and development (R&D) in 2002, an increase compared to previous years but still short of US and Japanese figures, the European Commission said Thursday. R&D expenditure in the U.S. represented 2.76 percent of GDP and in Japan 3.12 percent of GDP during the same period, the Commission said. German R&D spending was 2.5 percent). European business financed 55 percent of the

24 February 2005

BRUSSELS - The 25 European Union states spent nearly 2 percent of Gross Domestic Product (GDP) on research and development (R&D) in 2002, an increase compared to previous years but still short of US and Japanese figures, the European Commission said Thursday.

R&D expenditure in the U.S. represented 2.76 percent of GDP and in Japan 3.12 percent of GDP during the same period, the Commission said. German R&D spending was 2.5 percent).

European business financed 55 percent of the total R&D spending in the EU, while the shares of the business sector in the US and Japan were 67 percent and 74 percent respectively.

EU leaders agreed in Lisbon four years ago to spend 3 percent of GDP on R&D by 2010, with at least two thirds of the total expenditure financed by the business sector.

The Commission said funding for R&D was highest in the Nordic countries. In 2003, the highest R&D intensity was registered in Sweden (4.27 percent of GDP), Finland (3.51 percent), followed by Denmark (2.60 percent), and Belgium (2.33 percent).

The lowest levels were found in Cyprus (0.33 percent), Latvia (0.39 percent), Slovakia (0.57 percent) and Poland (0.59 percent).

DPA

Subject: German news

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