R&D expenditure in the Netherlands amounts to nearly 10 billion euro
In 2007, spending on Research & Development in the Netherlands amounted to 9.6 billion euro. R&D expenditure is rising annually, though not always at the same rate as the rest of the economy. The R&D/GDP ratio dropped from 2.1 percent in 1990 to 1.7 percent in 2007. Since 2002, the ratio in the Netherlands varies around the European average. In the period 1995-2001, R&D spending in the Netherlands was still continuously above the level of the EU average.
Within Europe, Sweden (3.6 percent) and Finland (3.5 percent) headed the list in 2007. With 2.7 percent, the United States also spent more on R&D than the Netherlands. Since the end of the twentieth century, China’s spending on R&D has risen also relative to GDP. In view of the massive, annual growth of China’s GDP, spending on R&D has risen tremendously.