European Business Enterprise R&D Expenditure in Public Administration, Defence, Compulsory Social Security, and Education shows distinct national trends as of 2024. Italy led with an expenditure of 11.48 million euros, experiencing a significant growth rate of 3.73% in 2023. Spain, despite a substantial 7.6 million euros spend, saw a decline of 3.34%. Lithuania’s expenditure, although lower at 2.44 million, surged by 15.27%. Portugal's spending grew by 5.91% reaching 1.34 million, whereas Germany (0.8 million) saw stagnation. Slovenia’s 0.4 million expenditure decreased by 4.17%. The five-year CAGR indicates diverse investments across countries.
Future trends to monitor include:
- Potential growth in Eastern European countries such as Lithuania, which may continue due to stronger governmental support and increased regional collaboration.
- Economic and political stability in Italy could drive further investment into R&D sectors.
- The implications of a shrinking R&D budget in Spain warrant observation, particularly in strategic areas like defence and public administration.
- Germany's consistent level indicates a potential plateau in R&D focus, necessitating strategic reallocation or reinvigoration in specific sectors.
Top countries in Business Enterprise R&D Expenditure in Public Administration and Defence; Compulsory Social Security and Education by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 11.48 | 2023 | +4.25% | +3.73% | View data |
| 2 | 2 Spain | 7.6 | 2023 | -4.96% | -3.34% | View data |
| 3 | 3 Lithuania | 2.44 | 2023 | +6.56% | +15.27% | View data |
| 4 | 4 Portugal | 1.34 | 2023 | +0.3% | +5.91% | View data |
| 5 | 5 Germany | 0.8 | 2023 | 0% | View data | |
| 6 | 6 Slovenia | 0.4 | 2023 | +1.27% | -4.17% | View data |
