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Austrian Regions post high research to GDP ratio

4. September 2017

The Austrian research expenditures will grow by 3.8% and thus will amount to EUR 11.3 Billion in 2017.

Consequently, the research to GDP ratio will reach 3.14% this year. While nearly half of the research spending is done by Austrian companies, the public sector contributes 36% or about EUR 4 Billion. About 15% of research is financed by foreign companies through their subsidiaries in the country.

In a 2015 comparison by Statistik Austria of 276 regions in Europe, Styria tops the list with a research to GDP ratio of 5.16%. Vienna with 3.66%, Upper Austria with 3.18%, Carinthia with 3.15% and Tyrol with 3.14% post remarkable numbers as well. This illustrates not only the high significance of R&D in Austria, but also the excellent environment Austria provides for companies in this division.

Advantage Austria has an innovation and research focus, so if you would like to know more about the Austrian research activities or you would like us to know about your activities, please contact us!

You can find out more about this and investing in Austria in general at the below added link
https://investinaustria.at/en/news/2017/08/research.php

Last modified
4. September 2017
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