More R&D in the Nordic countries, but the investments account for a smaller share of GDP

Abstract

Preliminary figures show that the Nordic region spent more than NOK 433 billion on research and development (R&D) in 2018, about NOK 23 billion more than in 2017 (current prices). This corresponds to a 6 per cent increase. As in previous years, Sweden is still the largest in the Nordic region. Sweden’s R&D expenditure in 2018 was NOK 182 billion. This equals 3.34 per cent of the country’s GDP. The R&D expenditure in Norway in 2018 was NOK 73 billion, amounting to 2.07 per cent of GDP.