In 2023, Spain led European Business Enterprise R&D expenditure in administrative and support service activities with significant growth reaching 31.35 million euros, marking a 10.9% increase YoY from 28.24 million euros. Italy followed at 29.42 million euros, witnessing an astounding 397.9% YoY increase from 5.91 million euros. Germany's expenditure decreased from 2023's 13.46 million euros while Portugal increased from 15.79 million euros to 13.33 million euros. Conversely, Finland, Lithuania, Slovakia, and Slovenia showed modest growth in R&D expenditure with declining YoY variations in 2024. Estonia remained at the smallest share.
Future trends to watch include sustainable investment in Italy and Germany's balance of R&D expenditures. Also, analyze how emerging technologies and innovation policies keep influencing administrative and support services, and Finland's strategic growth in R&D initiatives in an evolving European market landscape.
Top countries in Business Enterprise R&D Expenditure in Administrative and Support Service Activities Share by Country (Million Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 31.35 | 2023 | +17.95% | +28.24% | View data |
| 2 | 2 Italy | 29.42 | 2023 | +14.82% | +5.91% | View data |
| 3 | 3 Germany | 13.46 | 2023 | +4.05% | +8.69% | View data |
| 4 | 4 Portugal | 13.33 | 2023 | +15.36% | +15.79% | View data |
| 5 | 5 Finland | 3.67 | 2023 | +8% | +18.05% | View data |
| 6 | 6 Lithuania | 1.18 | 2023 | +18.22% | +28.4% | View data |
| 7 | 7 Slovakia | 1.09 | 2023 | +9.45% | +9.72% | View data |
| 8 | 8 Slovenia | 0.22 | 2023 | +1.83% | -0.29% | View data |
| 9 | 9 Estonia | 0.1 | 2021 | -44.97% | View data |
