The statistical tool of Innobasque, the Basque Innovation Agency, estimates that R&D investment in the Basque Country will grow by 6.4% in 2024.
The estimate is based on the Basque R&D budgets and the forecast evolution of GDP, on the one hand, and, on the other, the correlation of these variables with business R&D, an estimate that is adjusted with the forecasts of a panel of 15 Basque R&D driving companies.
NAIDER’s innovation and competitiveness team collaborates with Innobasque in the calculation of these estimates.
