Taiwan ranked 9th globally for R&D spending in 2015

Focus Taiwan
Date: 2017/07/19
By: Chen Cheng-wei and Christie Chen

Taipei, July 19 (CNA) Taiwan’s spending on research and development (R&D), adjusted

CNA file photo

for purchasing power parity (PPP), totaled US$33.7 billion in 2015, the ninth highest among 42 countries and economies worldwide, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said Wednesday.

Citing data from the Organization for Economic Co-operation and Development (OECD), the DGBAS said Taiwan’s spending on R&D in 2015 was 3.6 percent higher than the previous year.

The amount in 2015 was 3.1 percent of Taiwan’s gross domestic product (GDP) and represented an average annual increase of 6.1 percent over the previous five years, the 13th highest among the 42 countries and economies, according to the DGBAS.

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