R&D Expenditures (As % of GDP) rose to 0.891% in Serbia in 2016

R&D Expenditures (As % of GDP) (%)
Telcos & Hi-Tech | Serbia | May 17, 2019
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R&D expenditures as a percentage of GDP reached 0.891 % in 2016 in Serbia, according to World Bank. This is 2.92 % more than in the previous year.

Historically, R&D expenditures as a percentage of GDP in Serbia reached an all time high of 0.997 % in 1999 and an all time low of 0.304 % in 2004. When compared to Serbia's main peers, R&D expenditures as a percentage of GDP in Bosnia and Herzegovina amounted to 0.216 %, 0.846 % in Croatia, 1.21 % in Hungary and 0.482 % in Romania in 2016.

Serbia has been ranked 34th within the group of 80 countries we follow in terms of R&D expenditures as a percentage of GDP, 17 places above the position seen 10 years ago.

Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications.

R&D Expenditures (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 2.67% 2.91% 2.95% 3.07% 3.05% ...
Bosnia and Herzegovina % ... ... 0.265% 0.321% 0.257% 0.219%
Bulgaria % 0.532% 0.605% 0.635% 0.795% 0.960% ...
Croatia % 0.751% 0.750% 0.811% 0.783% 0.842% ...
Czech Republic % 1.56% 1.78% 1.90% 1.97% 1.93% ...
Hungary % 1.19% 1.26% 1.39% 1.35% 1.36% ...
Italy % 1.21% 1.27% 1.31% 1.34% 1.34% ...
Moldova % 0.405% 0.417% 0.354% 0.371% 0.368%
Montenegro % ... ... 0.315% ... 0.374% 0.363% 0.374% ... ...
Poland % 0.746% 0.881% 0.871% 0.940% 1.00% ...
Romania % 0.496% 0.483% 0.387% 0.383% 0.488% ...
Serbia % 0.724% 0.907% 0.727% 0.770% 0.865%
Slovakia % 0.663% 0.805% 0.824% 0.880% 1.18% ...
Slovenia % 2.42% 2.57% 2.58% 2.37% 2.20% ...
Ukraine % 0.738% 0.752% 0.762% 0.650% 0.615%