Cyprus among low­est in Europe for R&D spend­ing

Financial Mirror (Cyprus) - - CYPRUS -

Cyprus in 2017 spent EUR 109 mln on re­search and de­vel­op­ment, in­creas­ing its R&D in­ten­sity to 0.56% of GDP (from 0.4% in 2007), giv­ing it the fourth low­est score in the EU. In 2017, EU coun­tries spent al­most EUR 320 bln on (R&D), ac­cord­ing to Euro­stat, the EU sta­tis­ti­cal of­fice.

The busi­ness en­ter­prise sec­tor con­tin­ues to be the main sec­tor in which R&D ex­pen­di­ture was spent, ac­count­ing for 66% of to­tal R&D dis­bursed in 2017, fol­lowed by the higher education (22%), the govern­ment sec­tor (11%) and the pri­vate non-profit sec­tor (1%).

The high­est R&D in­ten­si­ties were recorded in Swe­den (3.33%) and Aus­tria (3.16%), fol­lowed by Den­mark (3.06%) and Ger­many (3.02%), all with R&D ex­pen­di­ture above 3% of GDP, whilst Fin­land (2.76%), Bel­gium (2.58%) and France (2.25% in 2016) reg­is­tered R&D ex­pen­di­ture be­tween 2% and 3% of GDP.

At the op­po­site end of the scale, eight Mem­ber States recorded a R&D in­ten­sity be­low 1%: Ro­ma­nia (0.5%), Latvia (0.51%), Malta (0.55%), Cyprus (0.56%), Bul­garia (0.75%), Croa­tia (0.86%), Lithua­nia and Slo­vakia (both 0.88%).

Over the last 10 years, R&D in­ten­sity rose in 21 states, with the high­est in­creases in Aus­tria (from 2.42% in 2007 to 3.16% in 2017, or +0.74 per­cent­age points - pp) and Bel­gium (from 1.84% in 2007 to 2.58% in 2017, or +0.74 pp). Con­versely, R&D in­ten­sity de­creased in six Mem­ber States and most strongly in Fin­land (-0.59 pp) and Lux­em­bourg (-0.33 pp).

In Malta, R&D in­ten­sity re­mained at the level of 0.55%. The main sec­tor in which R&D was per­formed in 2017 was the busi­ness en­ter­prise sec­tor in all Mem­ber States, ex­cept Cyprus and Latvia (where the higher education sec­tor was the dom­i­nant per­form­ing sec­tor) and Lithua­nia (where the share of higher busi­ness en­ter­prises).

The high­est shares of R&D ex­pen­di­ture per­formed in the busi­ness en­ter­prise sec­tor were in Slove­nia (75%), Hun­gary (73%), Ire­land and Swe­den (both 71%), Bul­garia and Aus­tria (both 70%), Ger­many (69%), Bel­gium and the United King­dom (both 68%).

For the govern­ment sec­tor, the high­est shares were reg­is­tered in Ro­ma­nia (32%), Lithua­nia (28%), Lux­em­bourg and Latvia (both 26%).

The high­est shares of R&D con­ducted within the higher education sec­tor were recorded in Latvia (47%), Por­tu­gal (43%), Cyprus (42%) and Es­to­nia (40%).

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%.

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