In 2023, Germany led European R&D expenditure in the manufacture of wood, paper, printing, and reproduction with €245.99 million, followed by Italy at €160.15 million and Finland at €124.4 million. Portugal and Spain saw moderate investments, while the Baltic states such as Lithuania, Latvia, and Estonia recorded significantly lower spending levels. Year-on-year, Germany experienced a marginal increase of 0.15%, while Lithuania saw the highest growth at 25.16%, highlighting potential emerging investments despite a low base. Over the past five years, the compound annual growth rate (CAGR) shows diverse trends across these countries.
Future trends to watch include potential increases in sustainability-driven investments, impact of digitalization on the industry, and shifts in economic policies affecting enterprise R&D expenditure levels. The focus on renewable resources and technological advancements may drive higher R&D investments, especially in nations with historically lower expenditure levels.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Wood, Paper, Printing and Reproduction by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 245.99 | 2023 | +1.02% | +0.15% | View data |
| 2 | 2 Italy | 160.15 | 2023 | +4.79% | +2.04% | View data |
| 3 | 3 Finland | 124.4 | 2023 | +1.6% | +2.18% | View data |
| 4 | 4 Portugal | 72.79 | 2023 | +4.88% | +7.45% | View data |
| 5 | 5 Spain | 56.38 | 2023 | +3.34% | +3.27% | View data |
| 6 | 6 Lithuania | 2.27 | 2023 | +2.77% | +25.16% | View data |
| 7 | 7 Latvia | 1.7 | 2023 | -11.22% | +1.5% | View data |
| 8 | 8 Estonia | 0.47 | 2023 | -1.27% | +9.16% | View data |
