In 2023, Germany led European R&D expenditure in agriculture, forestry, and fishing with 246.4 million euros, showing a 7.5% year-on-year increase, while Spain reached 95.43 million euros with a modest 0.3% growth. Portugal experienced a significant surge with a 29.65% increase valued at 38.69 million euros. Italy, Finland, and Lithuania also saw notable increases, particularly Lithuania with a dramatic 92.11% rise. Estonia and Latvia reported minimal values at 0.3 and 0.83 million euros, respectively. Over the past five years, the compound annual growth rate indicates steady progression with most countries showing positive trends.
Future trends to watch include increased sustainability-focused R&D, driven by EU green policies and technological advancements. Germany and Portugal are likely to continue leading growth due to strategic investments. Monitoring shifts in policy emphasis and funding allocation among EU countries can offer insights into emerging leaders in the sector.
Top countries in Business Enterprise R&D Expenditure in Agriculture Forestry and Fishing by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 246.4 | 2023 | +3.84% | +7.5% | View data |
| 2 | 2 Spain | 95.43 | 2023 | +1.47% | +0.3% | View data |
| 3 | 3 Portugal | 38.69 | 2023 | +16.5% | +29.65% | View data |
| 4 | 4 Italy | 16.75 | 2023 | +12.68% | +15.9% | View data |
| 5 | 5 Finland | 5.34 | 2023 | +5.01% | +4.92% | View data |
| 6 | 6 Lithuania | 3.32 | 2023 | +25.4% | +92.11% | View data |
| 7 | 7 Latvia | 0.83 | 2021 | -18.21% | View data | |
| 8 | 8 Estonia | 0.3 | 2021 | View data |
