Textile Monitoring

R&D expenditure in the EU stable at slightly above 2% of GDP in 2014 In 2014, the Member States of the EU spent all together around EUR 283 billion on R&D The R&D intensity, i.e .R&D expenditure as a percentage of GDP, stood at 2.03 % in 2014, the same as in 2013. Ten years ago (2004), R&D intensity was 1.76%.   With respect to other major economies, R&D intensity in the EU was much lower than in South Korea (4.15 % in 2013) and Japan (3.47 % in 2013) and lower than in the United States (2.81 %…