Intramural R&D expenditure (GERD) by source of funds

This table presents the relative shares of the different sources of funds in R&D. More specifically the indicators provided are percentage of GERD (Gross domestic expenditure on R&D) financed respectively by industry, government, the higher education and the private non profit sector. The fifth source of funds shown, which also make the breakdown complete, is GERD financed from abroad. R&D is an activity where there are significant transfers of resources between units, organisations, sectors and countries. The importance of the source of funding has been recognized in one of the Barcelona targets of the Lisbon agenda where it is said that the appropriate split for R&D is 1/3 financed by public funds and 2/3 by private.