EU27 performance

  Figure 8: EU drivers of growth

 

The revised methodology used in the 2008 EIS allows performance and absolute growth rates to be analysed for the EU27 [1]. The analysis of the EU27 growth rate in innovation performance shows an average annual growth rate of 2.3% over a five year period. This improvement is particularly due to Human resources (4.0%), Finance and support (7.1%) and Throughputs (4.0%) where the EU27 has progressed most compared to 2004 (Figure 8). In Linkages & entrepreneurship (0.0%) and Economic effects (1.1%) improvement has been small and in Firm investments (-0.9%) and Innovators (-1.3%) performance has worsened slightly.

Within the individual indicators, the EU27 is showing relative strengths [2] in Youth education, Public R&D expenditures, Broadband access, IT expenditures, Knowledge-intensive services employment, Medium-high and high-tech manufacturing exports, Knowledge-intensive services exports and Sales of new-to-market products (Figure 9). The EU27 is showing relative weaknesses in S&E and SSH doctorate degrees, Life-long learning, Innovative SMEs collaborating with others, Technology Balance of Payments flows and Resource efficiency innovators.

The EU27 is showing a strong growth in the Enablers dimension, in particular in S&E and SSH graduates, S&E and SSH doctorate degrees, Venture capital, Private credit and Broadband access. Growth in Firm activities is strongest in Throughputs, in particular in Trademarks, Designs and Technology Balance of Payment (TBP) flows. Overall growth is weakest in Outputs, except for New-to-market product sales. Performance is declining for 7 indicators, in particular for Non-R&D innovation expenditures and Firm renewal.

 

Figure 9: EU27 Innovation performance and growth per indicator


The shaded area gives the average performance for all indicators.

The shaded area gives the average growth rate for all indicators. Average annual growth rates as calculated over a five-year period.
The indicators reflecting Enablers are highlighted in yellow, those reflecting Firm activities in green and those reflecting Outputs in green.

[1] In previous EIS reports it was not possible to analyse performance and growth at EU level as calculations were all made relative to the EU average.

[2] A relative strength means that the performance of the EU on that indicator is above the average performance of the EU on all indicators.