R&D expenses in Turkey increased 5 times in 10 years
According to the news published by Istanbul Chamber of Commerce, within the scope of Turkey’s National Technology Move, while R&D ecosystem strengthens, the ratio of R&D expenses to gross domestic product is expected to increase to 1.8 in 2023. This rate was 1.03 last year. In 2009-2018 period, R&D expenses in Turkey were constantly increasing. While total expenditure on R&D in 2009 was approximately TRY 8.1 billion, this amount increased by 5 times in 10 years and by 375% to TRY 38.5 billion as of the end of last year.
Source: Istanbul Chamber of Commerce / Link: https://www.itohaber.com/haber/guncel/210996/ar-ge_harcamalari_10_yilda_5_kat_artti.html
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