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Cyprus is ranking low on R&D intensity in the EU
CNA - Athanasios Athanasiou - Romania/Bucharest 10/01/2019 16:21

In 2017, the Member States of the European Union (EU) spent all together almost €320 billion on Research & Development (R&D), according to Eurostat, the statistical office of the EU.

The R&D intensity, i.e. R&D expenditure as a percentage of GDP, stood at 2.07% in 2017, compared with 2.04% in 2016. Ten years earlier (2007), R&D intensity was 1.77%.

Cyprus in 2017 has spent 109 million euro on R&D (70 in 2007) and increased its R&D intensity to 0.56% of GDP (from 0.4% in 2007). This is the 4th lowest score in the EU.

With respect to other major economies, R&D intensity in the EU was much lower than in South Korea (4.22% in 2015), Japan (3.28% in 2015) and the United States (2.76% in 2015), while it was at about the same level as in China (2.06% in 2015) and much higher than in Russia (1.1% in 2015) and Turkey (0.96%).

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