Research and development have had a high priority in Sweden in recent decades. Sweden is one of the countries investing the largest percentage of its Gross Domestic Product in R&D. The high standard of Swedish research is internationally recognised. Independent evaluations consistently give high marks to Swedish researchers and show that Swedish research pursued as part of European Union common programs is of high scientific quality.
On average, Swedish R&D expenditure totals about 3,4% of GDP (equal to approx 118 billion SEK), putting the country number one among the countries of the Organisation for Economic Cooperation and Development (OECD) in terms of R&D investments as a percentage of GDP. The business sector accounts for 70% of R&D expenditure, the higher education sector 25%, other public sector institutions and the private non-profit sector the remaining 5%.
The Minister for Education and Research is responsible for the overall coordination of research policy throughout the various Government Offices. By far the greatest share of publicly funded research in Sweden is conducted in higher education institutions. The Minister for Enterprise is responsible for Swedish innovation strategy and for the national funding of competitive development, innovation, regional growth and entrepreneurship.The public sector finances R&I through the basic direct funding of higher education institutions and through competitive support for research councils and sectoral research
More information is available on the website of the Swedish Govrnement.