Finland a top spender on R&D globally

When countries are viewed according to their expenditure on R&D as a percentage of GDP, Finland is the fourth on the list. The Republic of Korea tops the list with 4.3 per cent of the GDP. The countries that follow are Japan (3.6 per cent), Israel (4.1. per cent), Finland with its 3.2 per cent and Sweden, similarly 3.2 per cent. One of the UN’s Sustainable Development Goals calls on governments to work for promoting sustainable industrialisation and innovations through increasing spending on R&D and the number of researchers. “Investment in R&D is one of the main drivers of investment in the new knowledge, technology and thinking that drives innovation at country level,” say Silvia Montoya, director of the Unesco Institute for Statistics, and Damien Chalaud, executive director of the World Federation of Science Journalists, in their joint blog post. (Good News From Finland)



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.