October 24, 2019 at 3:26 PM
According to Statistics Finland, research and development (R&D) expenditure amounted to 6.4 billion euros in 2018.
Expenditure increased by 265 million euros from the year before, which means a four per cent increase.
Growth occurred in all sectors, in enterprises it was 5%, in the government sector 2%, and in the higher education sector 4% compared to 2017.
The growth rate of R&D expenditure was at the same level as in the year before.
The GDP share of R&D expenditure in 2018 was 2.74 per cent, at the same level as in 2017.
In 2019, R&D expenditure is estimated to grow by 110 million euros and the GDP share is estimated to be 2.71 per cent.
