APRIL 2022 41 In terms of economic activity, in this triennium innovation activities were mainly led by enterprises operating in the following sectors: • Information and communication (75.5%); and • Financial services (68.4%). The main differences in comparison to the previous triennium (2016-2018) are: Enterprises with innovation activities by economic activity, 2018-2020 In 2020, the enterprises incurred a total of €2,736 million in expenditure on innovation activities (+5.3% compared to 2018), which represented around 1.0% of their total global turnover (0.8% in 2018). Information and communication enterprises stand out not only for being the sector of activity with the highest proportion of turnover invested in innovation (4.0%) but also for being the one that grew the most compared to 2018 (+€170.4 million). Innovation expenditure as % of the enterprises’ turnover, 2020 39.2% 39.7% 44.0% 45.9% 47.4% 50.8% 51.9% 68.4% 75.5% Informa�on and communica�on Financial services Other services Trade Industry and energy Transporta�on and storage Accommoda�on and food services Construc�on and real estate Agriculture and fisheries 0% 10% 20% 30% 40% 50% 60% 70% 80% 0.3% 0.3% 0.5% 0.5% 0.9% 1.0% 1.3% 2.2% 4.0% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Informa�on and communica�on Other services Industry and energy Financial services Agriculture and fisheries Transporta�on and storage Accommoda�on and food services Construc�on and real estate Trade • In terms of process innovation, increases in the proportions of innovative enterprises involved in: » Financial services (+24.2 p.p.); and » Distributive trade (+21.3 p.p.). • In terms of product innovation, the increased number of innovative enterprises involved in: » Information and communication (+5.9 p.p.); » Distributive trade (+5.1 p.p.); and » Manufacturing and energy (-4.6 p.p.). In 2020, 13.8% of enterprises' turnover resulted from the introduction of new or improved products (+2.6 p.p. compared to 2018), with the following distribution: Turnover from the introduction of new or improved products, as % of the turnover from enterprises with 10 and more persons employed 9.5% 4.3% 2020 7.0% 4.2% 2018 New to the enterprise New to the market Other sources • Products new to the enterprise: 9.5% (7.0% in 2018); • New-to-market products: 4.3% (4.2% in 2018). More information is available at: Innovation statistics – 2018-2020 20 April 2022
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