News Local Cyprus spending on R&D still low

Cyprus spending on R&D still low

Despite an increase in its R&D spending, Cyprus still has one of the EU’s lowest scores in R&D intensity, Eurostat figures showed on Thursday.

It said that in 2017, EU member states spent almost €320 billion on R&D. The R&D intensity, i.e. R&D expenditure as a percentage of GDP, stood at 2.07% in 2017, compared with 2.04% in 2016. Ten years earlier (2007), R&D intensity was 1.77%.

Cyprus spent €109 million  on R&D (€70m in 2007) and increased its R&D intensity to 0.56% of GDP (from 0.4% in 2007). This is the fourth lowest score in the EU and puts Cyprus in the group of eight EU countries with spending below 1% of GDP.

With respect to other major economies, R&D intensity in the EU was much lower than in South Korea (4.22% in 2015), Japan (3.28% in 2015) and the United States (2.76% in 2015), while it was at about the same level as in China (2.06% in 2015) and much higher than in Russia (1.1% in 2015) and Turkey (0.96%).

In order to provide a stimulus to the EU’s competitiveness, an increase by 2020 of the R&D intensity to 3% in the EU is one of the five headline targets of the Europe 2020 strategy.

The business enterprise sector continues to be the main sector in which R&D expenditure was spent, accounting for 66% of total R&D disbursed in 2017, followed by the higher education sector (22%), the government sector (11%) and the private non-profit sector (1%).

In 2017, the highest R&D intensities were recorded in Sweden (3.33%) and Austria (3.16%), followed by Denmark (3.06%) and Germany (3.02%), all with R&D expenditure above 3% of GDP, whilst Finland (2.76%), Belgium (2.58%) and France (2.25% in 2016) registered R&D expenditure between 2.0% and 3.0% of GDP.

At the opposite end of the scale, eight Member States recorded a R&D intensity below 1%: Romania (0.5%), Latvia (0.51%), Malta (0.55%), Cyprus (0.56%), Bulgaria (0.75%), Croatia (0.86%), Lithuania and Slovakia (both 0.88%).

Over the last ten years, R&D intensity rose in 21 Member States, with the highest increases in Austria (from 2.42% in 2007 to 3.16% in 2017, or +0.74 percentage points – pp) and Belgium (from 1.84% in 2007 to 2.58% in 2017, or +0.74 pp). Conversely, R&D intensity decreased in six Member States and most strongly in Finland (-0.59 pp) and Luxembourg (-0.33 pp). In Malta, R&D intensity remained at the level of 0.55%.

The main sector in which R&D was performed in 2017 was the business enterprise sector in all Member States, except Cyprus and Latvia (where the higher education sector was the dominant performing sector) and Lithuania (where the share of higher education sector was the same as of business enterprise sector).

The highest shares of R&D expenditure performed in the business enterprise sector were observed in Slovenia (75%), Hungary (73%), Ireland and Sweden (both 71%), Bulgaria and Austria (both 70%), Germany (69%), Belgium and the United Kingdom (both 68%).

For the government sector, the highest shares were registered in Romania (32%), Lithuania (28%), Luxembourg and Latvia (both 26%). The highest shares of R&D conducted within the higher education sector were recorded in Latvia (47%), Portugal (43%), Cyprus (42%) and Estonia (40%).

(Cyprus News Agency)

Top Stories

France recalls ambassador to Ankara over Erdogan comments

  France condemned Turkish President Recep Tayyip Erdoğan’s remarks questioning the mental health of President Macron and recalled its ambassador to Ankara for consultations. The French...

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...