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Constant Rise in Austrian Research Spending
Politics ♦
Published: May 10, 2012; 12:32 ♦ (Vindobona)
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Austrian spending on research and development is set to increase by 4.2% in 2012 to reach € 8.6bn.
Constant Rise in Austrian Research Spending / Picture: © Vindobona.org
2011 marked the first time that Austria spent more than € 8bn on research and experimental development (R&D). In 2012 this amount is set to increase by 4.2% to a predicted € 8.6bn, according to forecasts from Statistics Austria . This corresponds to a research rate of 2.8% of gross domestic product (GDP).
Austria thereby significantly exceeds the average research quota…
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