Continued growth in Nordic R&D activity

Abstract

Preliminary figures from the Nordic statistical producers show that just over 458 billion NOK was spent on research and experimental development (R&D) in the Nordic region in 2019. In fixed prices, this equals an increase of almost 5 per cent from 2018. Sweden has by far the highest R&D expenditure in the Nordic region, about 194 billion NOK in 2019. This corresponds to 3.41 per cent of the country’s GPD. In 2019, R&D expenditure in Norway was almost 80 billion NOK and is estimated at 2.22 per cent of GDP.