Croatia Spends HRK 4.7 Billions on R&D in 2020

Total Croatia News

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Photo: Marko Prpic/PIXSELL
Photo: Marko Prpic/PIXSELL

Of the total funds for R&D, the largest amount was spent in the business sector, 47.9% or HRK 2.3 billion, followed by higher education with 32.2% or HRK 1.5 billion, while the least was spent in the government and private non-profit sector, 19.9% or HRK 941.9 million.

Labour costs accounted for the largest share of expenditures for R&D, 64.4% or more than HRK 3 billion.

Other current costs account for 24.2% or HRK 1.1 billion of total expenditures, while capital expenditures account for only 11.4% or HRK 540.4 million.

As for funds for R&D for all sectors, the largest part was financed by units with internal funds, 41.2% or HRK 1.9 billion. Central and local government follows with 33.8% or HRK 1.6 billion.

An analysis by sectors shows that enterprises mostly finance R&D with internal funds (72.7%), while the government and private non-profit sector (63.6%) and higher education (62%) are mostly financed by the central and local government.

(€1 = HRK 7.5)

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