RSS
Eurostat: Romania, last for research and development expenses
Romania ranks last in EU for the share of expenses for research and development in GDP, of only 0.38%, less than 1% registered by Greece, Bulgaria and Poland, according to Eurostat data.
In 2014 the highest level of expense share for research and development in GDP was recorded in Finland (3.1%), Sweden (3.16%) and Denmark (3.08%).
Austria allocated 2.99% for these expenses, Germany 2.84%, Belgium 2.46%, Slovenia 2.39% and France 2.26%.
At the opposite pole we find Romania with only 0.38% of GDP allocated to research and development , other states with less than 1% of expenses - Cyprus (0.47%), Latvia (0.68%), Croatia (0.79%), Bulgaria (0.8%), Greece (0.83%), Malta (0.85%), Slovakia (0.89%) and Poland (0.94%).
Compared to 2004, the GDP share of expenses for research and development grew in 23 member states, dropped in Croatia, Luxembourg, Finland and Sweden but remained the same in Romania.
In 2014, EU states spent about a total of 283 billion euros for research and development but the GDP share was 2,03%, the same as in 2013. Ten years ago the EU GDP share was 1.76%.
Compared to other large economies, the share of expenses for research and development in EU GDP was less than in South Korea (4.14% in 2013) and Japan (3.47% in 2013) and less than in USA (2.81% in 2012) but equal to that of China (2.08% in 2013) and higher than in Russia (1.15%).