CBS: national expenditure on R&D in 2006 4.5% of GDP

The CBS noted that the Israeli R&D figure topped all members of the OECD where the top per capita spender on R&D was Sweden with 3.7%
 
Data released last week by the Central Bureau of Statistics (CBS) reveals that Israel spends more money per capita on research and development than any other country in the developed world.
 
According to the CBS the national expenditure on R&D in 2006 rose slightly to NIS 28.3 billion, or 4.5% of GDP.
 
The CBS noted that the Israeli R&D figure topped all members of the OECD, the Organization of Economic Cooperation and Development, where the top per capita spender on R&D was Sweden with 3.7%.