2016 ANNUAL REVIEW Ministry of Science and Technology

Ministry of Science and Technology 16 South: Apart from 2013 data for the US, the remaining data is for 2014. Source: 1. Various countries: Main Science and Technology Indicators , 1/2016, OECD. 2. Taiwan: Indicators of Science and Technology , 2016, MOST. R&D expenditures as a share of GDP in various countries South Korea Japan Finland Taiwan Germany USA France Singapore China Britain 0.00 1.00 2.00 3.00 4.00 5.00 4.29 3.59 3.17 3.00 2.90 2.74 2.26 2.20 2.05 1.70 National R&D Trends Ⅰ MOST Ministry of Science and Technology 2016 ANNUAL REVIEW A. National R&D Expenditures Taiwan's total research and development expenditures increased from NT$414.4 billion in 2011 to NT$510.4 billion in 2015, which is equivalent to an annual average growth rate of 5.7%. The private sector's R&D expenditures were NT$402.9 billion, and had a growth rate of 6.4%. The government had R&D expenditures of NT$107.6 billion, which represented an increase of 2.7% compared with 2014. Private sector R&D expenditures as a share of the nation's R&D expenditures grew from 78.3% in 2014 to 78.9%. Taiwan's R&D expenditures as a share of GDP have increased steadily in recent years, and reached a historic peak of 3.05% in 2015. Compared with other countries, in terms of R&D spending as a share of GDP, Taiwan lags behind South Korea, Japan, and Finland, but is ahead of Germany, the US, France, Singapore, Mainland China, and Britain. Item 2011 2012 2013 2014 2015 National R&D expenditures (NT$100 m) 4,144 4,335 4,576 4,835 5,104 As share of GDP (%) 2.90 2.95 3.00 3.00 3.05 By funding source (%) Government 26.2 24.6 23.3 21.7 21.1 Private sector 73.8 75.4 76.7 78.3 78.9 Source: Indicators of Science and Technology , 2016, MOST. National R&D expenditures, 2011-2015