Statistics show that European businesses invest significantly more in R&D and innovation in the manufacturing sector than in the services sector.
The latest Eurostat science, technology and innovation statistics on the gross expenditure on research and development (R&D), the number of researchers, the graduates from tertiary education, innovation expenditure and high tech trade show the following:
- Sweden and Finland spend the highest percentage of their GDP on R&D;
- Germany hosts the most (267,000) researchers, whereas Iceland (2%) and Finland (1.9%) have the highest shares of researchers in relation to the active population;
- Poland has the highest percentage of graduates as a share of the population aged 20-29;
- Innovation expenditure as a percentage of EU-25 businesses’ turnover is higher in the manufacturing sector than in services:
- German (5%) and Cypriot (4.3%) businesses spend the most on the manufacturing sector;
- Russian businesses invest as much as 6.6% in the services sector whereas the European average varies between the Slovakian 1.8% and the Dutch and Hungarian 0.3%.