Stifterverband, which investigates the country’s companies’ research and development (R&D) spending on behalf of the German Ministry of Education and Research, has announced figures for 2021.
As a result, companies’ internal R&D expenditures increased by 5.9 percent over the previous year and reached 75.2 billion euros last year.
Research and development expenditure by German companies outside universities or research institutes, on the other hand, increased by 14% to 26.1 billion euros.
Thus, in 2021, 3.13% of the country’s gross domestic product (GDP) was invested in research and development.
GERMAN GOVERNMENT PLAN TO INCREASE EXPENDITURE
The German government aims to increase these expenditures to 3.5% of GDP by 2025.
Education and Research Minister Bettina Stark-Watzinger said in her assessment of the matter that it is good news that R&D expenditures in Germany have risen sharply across all sectors, noting that 3.13% of GDP is not enough to spend on R&D.
Stark-Watzinger gave the following words in his assessment:
“This should encourage us to increase our financial efforts for research and development, especially in difficult times. After all, investing more money in research and development is not just zihin investment in the future, it is also zihin investment in dealing with current and future crises.”