Turkey’s expenditure on research and development went up by 20.4 pct in 2011

Dünya - Turkey’s expenditure on research and development (R&D) went up by 20.4 percent in 2011 over the previous year, reaching TRY 11.1 billion (approx. USD 6.2 billion), according to a study by the Turkish Statistical Institute (TurkStat). R&D spending as a...

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Turkey’s expenditure on research and development went up by 20.4 pct in 2011



Balkans Business News Correspondent - 12.11.2012

Dünya - Turkey’s expenditure on research and development (R&D) went up by 20.4 percent in 2011 over the previous year, reaching TRY 11.1 billion (approx. USD 6.2 billion), according to a study by the Turkish Statistical Institute (TurkStat). R&D spending as a percentage of GDP reached 0.86 percent from 2010’s 0.84 percent, unveiled in the report entitled “Research and Development Activities Survey”.

The analysis of R&D budgets and personnel data of public institutions, public/private universities and private sector were used to calculate the country’s total amount of R&D spending. The yearly survey put the number of full-time equivalent R&D employees in Turkey at 92,801.

R&D expenditure in Turkey is expected to take up 3 percent of the country’s GDP by 2023, the centennial of the republic.  Source: IIT


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