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R&D funding grows in the 2024 budget

Release related to topics:Education and research
release | Government R&D funding in the state budget 2024

In the state budget for 2024, the total appropriations for research and development activities amount to EUR 2,511.3 million. According to Statistics Finland, appropriations for research and development in the state budget grow by EUR 156.5 million, or 6.6 per cent, relative to the budget for 2023. The share of government R&D funding of gross domestic product is estimated to be around 0.87 per cent.

Government R&D funding and share of GDP year 2020-2024 (*2023-2024 preliminary data)

Key selections

  • Appropriations for research and development funding in the state budget for 2024 amount to EUR 2,511.3 million in total.
  • The GDP share of government R&D funding is estimated to be around 0.87 per cent in the budget for 2024.
  • The share of R&D funding in government expenditure excluding debt servicing is around three per cent in the budget for 2024.

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Updated database tables
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      Referencing instructions

      Government R&D funding in the state budget [online publication].
      Reference period: 2024. ISSN=2489-3250. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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