Wednesday. 20.11.2019
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Research and development expenditure growing in all sectors

The gross domestic product (GDP) share of R&D expenditure in 2018 was 2.74%.
Research and development expenditure growing in all sectors

According to Statistics Finland, research and development (R&D) expenditure amounted to 6.4 billion euros in 2018.

Expenditure increased by 265 million euros from the year before, which means a four per cent increase.

Growth occurred in all sectors, in enterprises it was 5%, in the government sector 2%, and in the higher education sector 4% compared to 2017.

The growth rate of R&D expenditure was at the same level as in the year before.

The GDP share of R&D expenditure in 2018 was 2.74 per cent, at the same level as in 2017.

In 2019, R&D expenditure is estimated to grow by 110 million euros and the GDP share is estimated to be 2.71 per cent.

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