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

You've reached your article limit.

Register to continue

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

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns