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Austria is increasing its R&D expenditure

18. May 2016

Austria’s 2016 research ratio of more than 3% has once again exceeded Europe’s target quota for 2020.

Statistics Austria estimates for 2016 suggest that Austrian expenditure on research and experimental development (R&D) will rise by 2.9% to a total of EUR 10.74 billion, representing a research ratio of 3.07% gross domestic product (GDP).

Private companies will be footing the bill for the largest share of this investment, spending EUR 5.14 billion (47.8%), followed by the public sector on EUR 3.83 billion (35.7%). The private non-profit sector is set to contribute EUR 49 million (0.5%). The remaining R&D outlay will come from abroad (16% or EUR 1.72 billion), principally from international conglomerates whose local subsidiaries are conducting research in Austria. This figure also includes rebates from EU framework programmes.

Austria’s research quota has risen dramatically over the last few years and has topped 3% every year since 2014.

Austria’s research outlay leaves it in 3rd place among the EU countries (international comparison figures for 2014), with only Finland (3,17 %) and Sweden (3,16 %) spending more on R&D. The average research quota among the 28 states in the EU is 2.03%.