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Overview: ​​​​​​​Eurostat's report gives insight into the 2022 Research & Development (R&D) spending in the EU. It showcases a significant rise in total expenditure, reaching €352 billion. This marks a 6.34% increase from the previous year and a noteworthy 48.52% surge from 2012.

Key Findings:

  • Total R&D spending in the EU amounted to €352 billion in 2022, showing a 6.34% increase from the previous year (€331 billion) and a 48.52% rise from 2012 (€237 billion).
  • R&D intensity, represented as a percentage of GDP, slightly decreased from 2.27% in 2021 to 2.22% in 2022.
  • 4 EU countries surpassed 3% R&D intensity: Belgium (3.44%), Sweden (3.40%), Austria (3.20%), and Germany (3.13%).
  • Conversely, 8 countries reported R&D intensity below 1%, with Romania (0.46%) recording the lowest.
  • Over the period from 2012 to 2022, the EU witnessed a 0.14 percentage points (pp) increase in R&D intensity.
  • Significant increases in R&D intensity were observed in Belgium (1.16 pp), Greece (0.77 pp), and Croatia (0.69 pp).
  • Contrastingly, Ireland (-0.6 pp), Finland (-0.45 pp), and Estonia (-0.35 pp) experienced notable decreases in R&D intensity.
  • Business enterprises led R&D spending, contributing 66% of the EU's total (€233 billion), followed by higher education (22%, €76 billion), government (11%, €37 billion), and private non-profit sectors (1%, €5 billion).

Source of information: https://era.gv.at/news-items/eurostat-eu-rd-expenditure-reaches-352-billion-in-2022/ (Published 04 December 2023).