Poland's R&D outlays rise by 22.8% y/y to EUR 3.4bn in 2012, or 0.9% of GDP

By bne IntelliNews October 28, 2013

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.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Dismiss