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Austrian R&D spending continues to increase steadily

Microscope © ADVANTAGE AUSTRIA

© ADVANTAGE AUSTRIA

20.05.2010

Austrian spending on research and development (R&D) will account for 2.76% of gross domestic product (GDP) this year – this makes Austria well above the EU average in terms of promoting and subsidising R&D.

EUR 7.8 billion will be invested in research and development over the coming year according to Statistics Austria . This is equivalent to 2.76% of GDP and represents an increase of 3.4% on the previous year, continuing the positive growth in this field over the last two decades. In 1990 R&D expenditure amounted to 1.36% of GDP, while in 2000 this had already risen to 1.94%. With research spending now set at 2.76%, Austria is well above the EU average (around 2%).

The largest share of R&D expenditure (43.3% or EUR 3.4 billion) will be financed by the business sector, while public spending will contribute 41.2%, or EUR 3.2 billion. The remainder of R&D financing comes from abroad; the majority of this foreign funding is from European companies linked to Austrian firms who have selected Austria as their central location for R&D.

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