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In 2024, government budget allocations for research and development (R&D) in the European Union have reached an estimated total of €127.916 billion, representing 0.71% of the bloc’s Gross Domestic Product (GDP). This figure indicates a notable increase of 3.4% compared to 2023, when the funds allocated for R&D were €123.675 billion. Furthermore, the increase becomes even more impressive when considering the 59.5% growth since 2014, when allocations were €80.175 billion.
A recent analysis conducted by Eurostat shows that, on an individual level, R&D allocations stand at €284.7 per person in the EU, marking a 57% increase compared to 2014, when €181.3 was allocated per capita. The differences between countries are significant: Luxembourg leads the list with €759.2 per person, followed by Denmark at €586.8 and the Netherlands at €542.7. At the opposite end, Romania (€19.1), Bulgaria (€38.3), and Hungary (€58.7) represent the lowest figures in per capita allocations.
It’s important to note that variations in per capita allocations can be influenced by changes in the population of each country. From 2014 to 2024, all EU governments have increased their R&D budgets, with Latvia showing the highest percentage increase at a remarkable 313%, rising from €19.1 to €78.9 per capita. Other countries like Slovenia and Lithuania have also demonstrated significant increases, with rises of 252% and 197%, respectively.
Regarding the distribution of these allocations, 35.7% is dedicated to knowledge dissemination, primarily funded by a public funding block known as general university funds. Additionally, 16.6% of R&D spending goes toward other types of knowledge advancement; 9.4% focuses on industrial production and technology, while 7.0% is allocated to health and 6.1% to space exploration and exploitation.
This landscape reflects a growing commitment from the European Union to investing in R&D, which could have a positive impact on technological advancement and sustainable development across the continent.
Referrer: MiMub in Spanish
