In Europe, R & D budgets are the largest in Switzerland, Norway and Luxembourg

In Europe, R & D budgets are the largest in Switzerland, Norway and Luxembourg

Eurostat reported on the amount of budget allocated to development and research in Europe and the European Union. Data for 2021 and monitored since 2011. R & D has been at the centre of many European and national strategies aimed at improving the competitiveness of the State ' s economy and the well-being of its citizens.

The data show that in 2021 the public budget allocated to R & D in the EU amounted to Y109.250 billion, equivalent to 0.75% of the European Union ' s GDP. 6% increase in funding over the year from Y102.791 billion. In the 10 years since 2011, R & D expenditure increased by 35% from Y81.139 billion.

On average, in the EU, R & D funding was Y244 per person in 2021, which is also 33% higher than in 2011 . Two non-EU countries, Switzerland and Norway, remain leaders in Europe in the R & D budget.

Romania was placed on the opposite side of the scale. Spain was the only country with a negative R & D budget, where the budget fell from Y155 to Y152 per person in 10 years.

In terms of the share of GDP spent on R & D in the EU, Germany leads from 1.1 per cent in 2021. Switzerland spends 0.99% of GDP on R & D. In comparison, the US R & D budget was 0.79% of GDP in 2021 and South Korea 1.33%, a record figure in the world.