Slovenia above EU average by R&D expenditure

Slovenia above EU average by R&D expenditure

Ljubljana, December 2, 2015/Independent Balkan News Agency

Review Hari Stefanatos

According to Eurostat, Slovenia spent EUR 890m or 2.39% of its GDP on research and development (R&D) in 2015, which puts it above the EU average of 2.03%.

All EU member states made a total EUR 283bn in R&D expenditure or 2.03% of GDP, which is more or less what they had spent the year before, according to the figures of Eurostat.

The highest R&D expenditure as a percentage of GDP, or R&D intensity, was seen in Nordic countries, Finland (3.17%), Sweden (3.16%) and Denmark (3.08%), closely followed by Austria and Germany at just below 3%.

Slovenia was in the group of countries with R&D intensity above 2% along with Belgium and France.

The bulk of R&D investment came from the business sector (64%), followed by higher education (23%), the government sector (12%) and private non-profit sector (1%), while Slovenia had the highest proportion of R&D investment preformed by the business sector at 77%, followed by Ireland (73%), Hungary (72%), Belgium and Austria (both 71%).

Source: SloveniaTimes