Baltic Sea Region Territorial Monitoring System

Gross domestic expenditures on R&D, total

Indicator definition

This indicator is defined as the total Gross Domestic Expenditure on Research and Development (GERD), expressed as a share of regional GDP.

Indicator importance

The GERD indicator is one of the headline indicators of EU2020 Strategy´s “Smart Growth” with the objective of reaching a level of public and private R&D expenditures of 3% of EU GDP by 2020. R&D activities are seen as specific assets of European economy, and only continuous future R&D activities will keep Europe´s economy competitive with USA, China and other countries.