Saturday, February 24, 2007

Check out the European Stats on Innovation

The changing map of Europe, showing member states and would be member states. The information below was release by the European Commission during January 2007:

  • In 2005 the EU27 spent just over 200 billion euro on Research & Development (R&D)

  • R&D intensity (i.e. expenditure as a percentage of GDP) in the EU27 stood at 1.84%, the same as in 2004. R&D intensity remained significantly lower in the EU27 than in other major economies. In 2004, R&D expenditure was 2.68% of GDP in the United States, 3.18% in Japan, while it has reached 1.34% in China in 2005.

  • R&D expenditure in the EU27 rose by 1.5% in real terms on average per year between 2001 and 2005, compared to 1.7% in the United States and 2.0% in Japan between 2001 and 2004.

Shak Gohir

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