Steady rise in Austrian R&D spending
Austria’s expenditure on research and experimental development has risen sharply in the past decade. According to Statistics Austria , this trend is set to continue in 2013. An estimated EUR 8.96 billion – 2.9% more than the previous year – will be invested in research and development in 2013. This equates to 2.81% of Austria’s gross domestic product (GDP).
Financing by Austrian companies accounts for the largest share of research spending, making up 43.9%. At around EUR 3.62 billion, the public sector contributes financing of 40.4%. The rest of R&D expenditure comes from abroad (15.2% or EUR 1.36 billion), most of which is from foreign companies affiliated to Austrian firms whose subsidiaries conduct R&D activities in Austria.
At 2.81% Austria’s research rate is significantly higher than the EU-27 average, which stands at 2.03%. Only Finland, Sweden and Denmark (3% each) and Germany (2.84%) have a higher research intensity.