Romania ranks second to last in the EU regarding percentage of GDP earmarked to R&D
Publicat:In 2016 European Union member states earmarked, on average, 2.03 percent of the Gross Domestic Product (GDP) for research (R&D), with Latvia and Romania ranking second to last, allocating only 0.44 percent, 0.48 percent of the GDP, respectively, according to data published on Saturday by Eurostat.
The two EU member states that earmarked more than 3 percent of the GDP were Sweden (3.25) and Austria (3.09 percent).
Overall, EU member states spent over 300 billion euro for research and development in 2016, but the percentage of the GDP allocated to research remained practically…
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