Poland's R&D outlays rise by 22.8% y/y to EUR 3.4bn in 2012, or 0.9% of GDP
Poland's private and public outlays on R&D activities increased by 22.8% y/y to PLN 14.35bn (EUR 3.4bn) in 2012, according to national stats office GUS. Thus, they inched up by 0.14pps to 0.90% of GDP last year (vs. EU average of above 2.0% of GDP).
Of the total amount, PLN 10.08bn were outlays on current needs (up by 18.3% y/y) and PLN 4.27bn - on fixed assets (up by 34.9%).
In the last three years, the share of public spending was on the downside - it fell by a total of 9.6pps to 51.4% in 2012. Last year, the share of private enterprises in R&D spending rose by 4.2pps y/y to 32.3%.
In 2012, personnel involved in R&D activities constituted 0.89% of all the persons employed in the Polish economy.
The Polish government targets to increase the share of R&D outlays in the country's GDP to 1.7% in 2020.
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