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Science, technology and innovation in Europe
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2011-04-15
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Science_technology_and_innovation_in_Europe.pdf
Science, technology and innovation in Europe
I. Investing in R&D
Government budget appropriations or outlays on R&D (GBAORD)
Government budget appropriations or outlays on research and development (GBAORD) are funds allocated to R&D in central government or federal budgets and therefore mean budget provisions, not actual expenditure.
In 2009, GBAORD expressed as a percentage of GDP stood at 0.74 % in the EU-27. Despite being up on 2008, it was still below the levels recorded by its main economic partners: the United States (0.99 %, 2008 data) and Japan (0.75 %). From 2008 to 2009, the most significant increase in GBAORD as a share of GDP was in South Korea.
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