Latvia still one of EU's lowest spenders on R&D

Take note – story published 2 years ago

Latvia is among the least supportive countries in the European Union when it comes to investing in Research and Development (R&D), according to new figures published by Eurostat September 15.

In 2020, the total government budget allocations for R&D across the EU stood at €100,786 million, equivalent to 0.8% of GDP.

In 2020, government budget allocations for R&D at EU level stood at €225 per person, a 22% increase compared with 2010 (€184 per person). The highest allocations were recorded in Luxembourg (€648 per person), followed at a distance by Denmark (€519) and Germany (€443).

On the other hand, EU countries with the lowest R&D budget allocations per person were Romania (€15 per person), Bulgaria (€21), Hungary (€39) and Latvia (€42).

EU R&D investment levels
EU R&D investment levels

A slight silver lining is provided by the fact that over the last decade, the largest percentage increases in government budget allocations for R&D at € per person were recorded in Latvia (from €14 in 2010 to €42 in 2020), Greece (from €62 to €148) and Estonia (from €77 to €141).

In contrast, R&D allocations decreased in Portugal (from €92 in 2010 to €71 in 2020), Spain (from €179 to €144), Romania (from €17 to €15), France (from €253 to €235), Ireland (from €181 to €175) and Finland (from €387 to €373). 

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