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Austria plans to increase scientific research spending

06-01-2011 10:29 BJT

VIENNA, May 31 (Xinhua) -- Austria plans to raise the proportion of investment in research from the current 2.79 percent of its gross domestic product (GDP) to 3.76 percent by 2020, according to the Research and Technology Report 2011 released by the Austrian Government on Tuesday.

Figures from Statistics Austria showed that the proportion of scientific research spending in Austria in 2010 accounted for 2.78 percent of its GDP, while in 2011 it only increased by 0.01 percent. The proportion of scientific research spending in Austria has been stagnant for three consecutive years.

In 2011, Austria invested a total of 8.286 billion euros (11.84 billion U.S. dollars) in scientific research, of which 44.6 percent came from companies, 38.7 percent was invested by government, 16 percent came from abroad, and the rest came from society.

Although scientific research spending in Austria is growing every year, it has been being stagnant compared to its economic growth rate.

The Research and Technology Report is drawn up by the Joanneum Research (JR), Austrian Institute of Economic Research (WIFO), Austrian Institute of Technology (AIT) and Statistics Austria for the Austrian government.

Editor:Wang Xiaomei |Source: Xinhua

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