Check out the European Stats on Innovation

- 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
Labels: Cenamps, Economics, EU, FP7, Investment
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