According to Statistics Estonia, 3.2 billion kroons were spent on research and development in Estonia in 2008. This amount is over three times more compared to 2003.
According to Statistics Estonia, in 2010 the ratio of research and development (R&D) expenditures to the gross domestic product reached a novel level – 1.63%, a year earlier the respective indicator was 1.43%. The improved result was significantly influenced by investments in the technological development made in the oil industry.
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