Cyprus spending on research ranking low compared to rest of Europe

Cyprus expenditure on research along with countries such as Romania, Slovakia, Bulgaria and Malta is ranking at the lowest levels compared to the rest of Europe. Cyprus has spent 0.49% of its GDP (83 million euro) during 2009, slightly higher than the previous year while the European average is 4 times higher. The highest percentage is spent by Sweden and Finland at 3.62% and 3.96% respectively.

1206 people were engaged in research activities during 2009.