The Latest

Türkiye’s R&D spending up nearly 50% in 2021

Türkiye’s gross domestic expenditure on research and development (GERD) increased to 101.74 billion Turkish liras ($11.3 billion) in 2021, up over 47% compared to 2020.GERD includes spending on R&…
March 6, 2023

Türkiye’s gross domestic expenditure on research and development (GERD) increased to 101.74 billion Turkish liras ($11.3 billion) in 2021, up over 47% compared to 2020.

GERD includes spending on R&D activities by businesses, higher education institutions, government, and private non-profit sector.

While the share of GERD in the country’s GDP was 1.37% in 2020, it was at 1.4% in 2021.

TurkStat said: “Financial and non-financial corporation had the largest share in R&D expenditures with 61.3%, followed by higher education with 34.2%.

“The share of general government R&D expenditures, including R&D expenditures made by private non-profit sector, in total R&D expenditures was 4.5%.”

Personnel expenditures’ share in total R&D spending was 48.9%, and the number of R&D staff was 221,811 in 2021.

The USD/TRY exchange rate was at 8.98 on average in 2021.

Source: Anadolu Agency

Previous Article

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Y-mAbs Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – YMAB

Next Article

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages International Business Machines Corporation Investors with Losses to Secure Counsel Before Important March 14 Deadline in Securities Class Action Initiated by the Firm – IBM

Related Posts

First relief aid shipment delivered to Syria

Following the directives of His Majesty King Hamad bin Isa Al Khalifa to support the brotherly Syrian people in their humanitarian ordeal caused by the devastating earthquake that struck parts of their country recently, and in line with the distinguish...