The country profiles aim to provide an operational tool for stakeholders and policy-makers to support the framing of research and innovation (R&I) policies and to facilitate the monitoring of performance, on the basis of a holistic economic and indicator-based analysis.
The challenge of effective R&I for a more knowledge-intensive economy
Spain set up a national R&D intensity target of 2% for 2020. Although Spain performance in research and innovation increased notably over the period 2000-2009, a strong and continuous decline has been recorded since 2009. Its overall R&D intensity fell from 1.35% in 2009 to 1.2% in 2014, performing well below the EU average. Spain is not on track to reach its national R&D target for 2020.
Access to finance is still among the top concerns of Spanish SMEs. Risk capital and private equity funding comes mostly from foreign investors. Spain remains below the EU average in terms of public-private cooperation, knowledge transfer and employment in knowledge-intensive activities.