News >> World Bank: Russia is spending more on R&D but still below world average

World Bank: Russia is spending more on R&D but still below world average

According to World Bank statistics, Russia’s average spending on R&D is 1,12% of nation’s GDP.

The bulk of R&D support comes from the government, not the private sector. Most of Russia’s R&D spending is carried out by publicly funded or directed institutions. Indeed, nearly 75 per cent of all R&D is currently conducted by public organizations (such as research institutes in specific industries), with the bulk of funding coming from the federal budget. In other words, R&D in the business sector is, in fact, mostly funded and conducted by government agencies that are organisationally separate from the companies themselves. Company-level spending on R&D accounts for less than 9 per cent of expenditure.