Finland predicts decrease in R&D spending for 2004

December 9, 2004

Brussels, 08 Dec 2004

Despite revealing a rise in research and development (R&D) expenditure of four per cent in 2003, the latest figures from Statistics Finland suggest that overall research investment in the country is set to decrease in 2004.

In 2003, in absolute terms, Finland invested just over five billion euro in R&D. Based on the latest data supplied by business enterprises and public sector organisations, this figure will fall slightly to 4.97 billion euro in 2004.

The underlying cause of this trend is thought to be the electronics industry, which contributes more than 50 per cent of overall business research spending in Finland. In 2003, this sector increased its research investment by 230 million euro, which helped to offset an 80 million euro decline in R&D spending across the rest of the private sector, to leave a net increase of 150 million euro.

In 2004, however, the Finnish electronics industry cut back its research spending, contributing to a predicted decrease in total business R&D investment of 100 million euro. Public sector investments are also predicted to fall by around 10 million euro in 2004, but an increase in university research spending of some 50 million euro will help to mitigate the decline.

In overall terms, these trends will see the proportion of GDP spent on research in Finland fall from a high of 3.52 per cent in 2003 to 3.37 per cent in 2004. This is still well above the EU average of 1.95 per cent, and second only to Sweden (with 4.3 per cent) among all OECD countries.

For further information, please consult the following web address:
http:/// 2004/264ttte.html

CORDIS RTD-NEWS / © European Communities
Item source: http:/// ALLER=NHP_EN_NEWS&ACTION=D&SESSION=&RCN= EN_RCN_ID:23040

Please login or register to read this article.

Register to continue

Get a month's unlimited access to THE content online. Just register and complete your career summary.

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most commented

Recent controversy over the future directions of both Stanford and Melbourne university presses have raised questions about the role of in-house publishing arms in a world of commercialisation, impact agendas, alternative facts – and ever-diminishing monograph sales. Anna McKie reports

3 October


Featured jobs

Senior Lecturer in Law

University Of The West Of England (uwe)

Lecturer in Marketing

Edinburgh Napier University

Resource Planner

Bpp University

Waste and Recycling/Grounds Operative

St Marys University, Twickenham

Faculty, English

Khalifa University