Expenditure on research and development increases to 3.19% of GDP in 2019
(World News Austria)

Press release: 12.001-067/19 Vienna, 2019-04-11 - Approximately EUR12.8 billion will be spent on research and development (R&D) in Austria in 2019, according to an estimate by Statistics Austria. Thus, the R&D intensity - R&D expenditure as a percentage of the nominal gross domestic product (GDP) - increases from 3.17% in 2018 to 3.19%. The nominal increase of the total Austrian R&D expenditure from 2018 to 2019 is estimated to be 4.5%. Thus, it is higher than the forecasted rise of the gross national product of 3.8%. Since 2014, the Austrian R&D intensity has been above the 3% target set by the EU for 2020, but below the Austrian target of 3.76%. In the past two decades, domestic expenditure...