The European government expenditure on R&D in energy demonstrates varied trends across different countries. In 2023, Italy had the highest investment at €183.95 million, followed by Spain, which observed a robust year-on-year increase of 5.09%. Austria and Lithuania experienced slight growth, while Greece and Portugal saw significant decreases, with year-on-year drops of 4.96% and 6.76%, respectively. Over the last five years, the data hints at a gradual shift in investment preferences, with Spain leading in growth momentum.
Looking forward, European nations are likely to channel more resources into sustainable and renewable energy technologies, influenced by climate policies, energy security concerns, and economic factors. Monitoring emerging technologies and cross-country collaborations will be key trends to watch in government R&D expenditure in energy.
Top countries in Government Expenditure on R&D in Energy by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 183.95 | 2023 | -0.15% | -0.56% | View data |
| 2 | 2 Spain | 117.93 | 2023 | +1.89% | +5.09% | View data |
| 3 | 3 Austria | 109.39 | 2023 | +0.45% | +0.85% | View data |
| 4 | 4 Lithuania | 22.84 | 2023 | +8.78% | +0.83% | View data |
| 5 | 5 Greece | 15.96 | 2023 | -5.1% | -4.96% | View data |
| 6 | 6 Portugal | 9.02 | 2023 | +2.25% | -6.76% | View data |
