Bolstered by Business Sector, Israel's National R&D Expenditure Hits 4.5% of GDP in 2017
In 2016, non-Israeli capital financed 55.6% of the civilian research and development expenditure in Israel
Lilach Baumer : 2018-08-28T12:40:06..
In 2017, Israel's national expenditure on civilian research and development amounted to almost $16 billion (NIS 57.8 billion), or 4.5% of Israel's gross domestic product (GDP), according to a Monday report by the country's Central Bureau of Statistics. In constant prices, the sum is a 5% increase from 2016, when expenditure accounted for 4.4% of GDP.
For daily updates, subscribe to our newsletter by clicking here.The business sector accounted for 86% of the total national expenditure (NIS 49.8 billion), with a 5.6% year-to-year increase at current prices, bolstered by a very high concentration of research and development outposts of multinationals found in Israel.