Denmark ranks near the top for research and development expenditure

According to Danmarks Statistik, the amount corresponds to 2.96 percent of Denmark’s gross domestic product and includes all research efforts carried out in the country, both by public institutions and the private sector. The government helped fund projects worth 21.6 billion kroner (1.07 percent of GDP), while private companies invested 38.3 billion kroner. In 2000, the EU agreed to increase national R&D expenditure to 3 percent of GDP by 2010 in order to become “the most competitive and dynamic knowledge-based economy in the world”. (Copenhagen Post)



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