Spain

Author:  

Publisher: OECD Publishing

ISSN: 1608-0270

Source: SourceOECD Science & Information Technology, Vol.2010, Iss.14, 2010-12, pp. : 219-220

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Abstract

Spain's science and innovation profile demonstrates a number of strengths, and shows improvements over the two years to 2008 despite difficult economic circumstances. Gross expenditure on R&D (GERD) increased consistently from 0.9% of GDP in 2000 to 1.4% in 2008, with strong average annual real growth of 8.4%. In 2007 the business sector financed 46% of total GERD, slightly more than a decade earlier, and government funding increased from 39% in 2000 to 44%. Spain's business expenditure on R&D (BERD) was 0.74% of GDP, also below the OECD average. However, venture capital intensity has risen substantially, and in 2008 was above the average at 0.13% of GDP.