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Austria is increasing its R&D expenditure

4. May 2017

Austria’s 2017 research ratio of 3.14% has once again exceeded Europe’s target quota for 2020.

Statistics Austria estimates for 2017 suggest that Austrian expenditure on research and experimental development (R&D) will rise by 3.8% to a total of EUR 11.33 billion, representing a research ratio of 3.14% gross domestic product (GDP).

Private companies will be footing the bill for the largest share of this investment, spending EUR 5.46 billion (48.2%), followed by the public sector on EUR 4.08 billion (36%). The private non-profit sector is set to contribute EUR 51 million (0.4%). The remaining R&D outlay will come from abroad (15.4% or EUR 1.74 billion), principally from international companies whose local subsidiaries are conducting research in Austria. Funding from EU programmes is also included in this figure.

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 2nd place among the EU countries (international comparison figures for 2015), with only Sweden (3.26%) spending more on R&D. The average research quota among the 28 states in the EU in 2015 is 2.03%.