People often think about innovation in terms of research and development – R&D. The Factblog has already compared R&D expenditure as a percentage of GDP, so this time we’re looking at R&D expenditure per capita – in other words, how much do countries spend per person on R&D. Again, differences between countries are stark, with Israel and Sweden spending 14 times more per year per person than Turkey. Countries like United Kingdom or France are slightly below the OECD average.
But R&D is only one part of the innovation story. (more…)