technology deficit

Spain's technology deficit could reach €21.078 billion

Spain’s Technology Deficit Could Reach €21.078 Billion

The Spanish economy invested a total of €14.052 billion in research and development (R&D) in 2017, the equivalent of 1.2% of the GDP, according to Spain’s National Statistics Institute. Although this percentage is 6% higher than the previous year, “Spain would take 180 years to reach the 3% target set by the European Commission’s Europe 2020 strategy,” says Xavier Ferràs, Associate Professor in the Department of Operations, Innovation and Data Sciences at ESADE.