Eurostat: R&D expenditure in the EU remained stable in 2016 at just over 2% of GDP

In 2016, the Member States of the European Union (EU) spent all together over €300 billion on Research & Development (R&D). The R&D intensity, i.e. R&D expenditure as a percentage of GDP, remained stable at 2.03% in 2016. Ten years ago (2006), R&D intensity was 1.76%. A Eurostat press release is available here.