According to data published in September by the German Federal Ministry of Education and Research (BMBF) and the Stifterverband, the German association of research sponsors, public and private R&D spending is increasing. Public R&D funding is expected to increase 8% to €9.2 billion ($12.9 billion) in 2008. The Stifterverband calculates that industry R&D spending grew from €38.6 billion ($54.1 billion) in 2005 to €41.8 billion ($58.6 billion) in 2007, a 8% increase. The Ministry of Research expects that Germany will spend 2.7% of its GDP on R&D next year, only slightly short of its goal of spending 3% of its GDP on R&D in 2010.

Source: ResearchResearch