Acknowledgments EU (€122.3bn)

Pharma Biotech
2003 unpublished
The 2009 "EU Industrial R&D Investment Scoreboard" (the Scoreboard) presents information on the top 1000 EU companies 1 and the top 1000 non-EU companies ranked by their investments in research and development (R&D). The Scoreboard data are drawn from the latest available companies' accounts, i.e. the fiscal year 2008 2. In the last part of this reporting period, the world economy entered into a strong financial and economic crisis that affected companies throughout the world. Some of the
more » ... s of the crisis are already reflected in these company results, namely on indicators such as sales, operating profits and market capitalisation. However, the full effects of the crisis, especially on R&D, tend to lag and are not yet captured in this Scoreboard. Key findings Worldwide corporate R&D investment growth is still high (6.9%) Despite the fact that the economic crisis started in the second half of 2008, the 2000 Scoreboard companies increased R&D investment by 6.9% in 2008, Note: The different Scoreboards are not directly comparable because of changes in the sample composition. European Commission, JRC/DG RTD. The 2009 EU Industrial R&D Investment Scoreboard 2 R&D investment growth by EU Scoreboard companies is ahead of that by their US and Japanese counterparts Compared with the previous year, the R&D investment grew at lower pace all over the world, but important differences by world region are observed. For the second straight year, the R&D growth rate of EU companies (8.1%) has been higher than that of the US (5.7%). It also outpaced Japanese companies (4.4%) for the fourth straight year. Companies from emerging economies, which account for a small share of the total R&D, continued the trend of high R&D growth e.g. China (40%), India (27.3%) and Taiwan (25.1%). Companies based in Switzerland and South Korea also increased their R&D investments well above the Scoreboard average. The R&D growth rate of EU companies continued, for the third year, well ahead the nominal GDP growth rate (Figure S2). Figure S2. Growth of R&D investment in the Scoreboard and GDP growth-5%-3%-1% 1% 3% 5% 7% 9% 11% 13%
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