Analysis of European Business Expenditure on R&D in ICT by Country highlights that Sweden leads with an expenditure of 4.62 Billion Euros, followed by Belgium at 2.53 Billion Euros, and Italy at 2.19 Billion Euros. Poland, Finland, and Spain also exhibit significant investments. Notable variations were recorded in 2023, with Sweden showing a considerable increase of 21.01%, Belgium improving by 15.1%, and Poland by 16.7%. Switzerland had a smaller but steady increase of 5.05%, while Serbia saw an exceptional growth spike of 55.45%. Other countries like Croatia had stable or marginal changes.
Future trends to watch include Sweden maintaining its lead, with fluctuating growth rates among other European nations. Countries like Serbia may continue to see sharp increases, highlighting emerging markets in ICT R&D. Continuous investment and innovation in ICT could lead to more balanced growth across Europe.
Top countries in Business Expenditure on R&D in ICT by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 4,620 | 2023 | +10.62% | +21.01% | View data |
| 2 | 2 Belgium | 2,530 | 2023 | +11.13% | +15.1% | View data |
| 3 | 3 Italy | 2,190 | 2023 | +4.69% | +1.39% | View data |
| 4 | 4 Poland | 2,120 | 2023 | +13.15% | +16.7% | View data |
| 5 | 5 Finland | 1,650 | 2023 | +14.61% | +15.85% | View data |
| 6 | 6 Spain | 1,280 | 2021 | View data | ||
| 7 | 7 Czech Republic | 1,040 | 2023 | +13.23% | +14.77% | View data |
| 8 | 8 Switzerland | 910.35 | 2023 | +4.08% | +5.05% | View data |
| 9 | 9 Portugal | 647.2 | 2023 | +5.93% | +10.08% | View data |
| 10 | 10 Hungary | 238.38 | 2021 | View data |
