R&D spending lags behind EU average

11th March 2008, Comments 0 comments

Spain dedicated the equivalent of 1.16 percent of its gross domestic product to funding research and development projects in 2006, 0.4 percent more than in 2007. Overall spending, however, was still below the EU average.

11 March 2008

MADRID - Spain dedicated the equivalent of 1.16 percent of its gross domestic product to funding research and development projects in 2006, 0.4 percent more than in 2007. Overall spending, however, was still below the EU average.

According to figures published Monday by Eurostat, average R&D spending as a percentage of GDP across the 27-nation bloc amounted to 1.84 percent in 2006, led by Sweden at 3.82 percent and Finland at 3.45 percent. At the bottom end of the scale, Romania, Bulgaria and Slovakia dedicated less than half a percent of GDP equivalent to scientific and technological research.

Total spending in Spain amounted to EUR 11.38 billion, much of it concentrated in Madrid, Catalonia and Andalusia. In absolute terms, the countries that spent the most on research and development were Germany, France and the United Kingdom, accounting for almost two-thirds of EU research spending between them. The government is committed to taking R&D spending up to two percent of GDP.

[Copyright EL PAÍS 2008]

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