Global Business Expenditure on R&D in IT Hardware Wholesale by Country

Croatia leads the Global Business Expenditure on R&D in IT Hardware Wholesale with 8.14% in 2024, demonstrating a significant year-on-year increase of 93.51%. Following Croatia, Greece (5%), Malta (2.44%), and Lithuania (2.01%) exhibit notable R&D expenditure, with year-on-year variations of 1.86%, 11.28%, and 3.05% respectively. Spain (1.27%) and Portugal (1.02%) show modest investments with slight positive and negative variations. Italy's expenditure has grown to 0.8% with a 4.89% increase. Other notable countries include Denmark (-1.55%), Norway (-1.18%), Poland (8.45%), and Belgium (9.04%), reflecting diverging trends. Japan (0.24%) and the UK (0.23%) show modest to negative growth (-3.86%). Despite a high initial value, Iceland (0.2%) and Bulgaria (0.03%) are notable for their decreases, -18.61% and -34.56% respectively.

Looking towards the future, watch for significant growth in high-value R&D expenditure in Croatia, Malta, and countries like Poland and Belgium. Emerging markets like the Czech Republic and Serbia show promise, whereas declining trends in Iceland and Bulgaria might stabilize or rebound based on targeted investments. Enhanced competition and innovation will continue to drive increased expenditure in underscoring the importance of R&D in IT hardware.

Top countries in Business Expenditure on R&D in IT Hardware Wholesale by Country

# 10 Countries Percent of R&D Expenditure Last Year YoY 5-years CAGR
1 1 Croatia 8.14 2023 +28.59% +93.51% View data
2 2 Greece 5 2023 +4.38% +1.86% View data
3 3 Malta 2.44 2023 +7.02% +11.28% View data
4 4 Lithuania 2.01 2023 +16.86% +3.05% View data
5 5 Spain 1.27 2023 +1.6% +1.14% View data
6 6 Portugal 1.02 2023 +2% -0.77% View data
7 7 Italy 0.8 2023 +3.9% +4.89% View data
8 8 Denmark 0.74 2023 +15.62% -1.55% View data
9 9 Norway 0.49 2023 0% -1.18% View data
10 10 Poland 0.39 2023 0% +8.45% View data

Top Countries about IT Hardware