In 2023, Spain led European Business Enterprise R&D Expenditure in Administrative and Support Service Activities with 180.36 million euros, followed by Italy at 169.26 million euros. Germany and Portugal positioned themselves at a moderate expenditure level with 77.43 and 76.72 million euros, respectively. Smaller economies like Slovenia and Estonia reported minimal spending under 2 million euros. The 2023 variations showed significant growth for Spain and Lithuania, with Finland also depicting a substantial year-on-year increase of 18.05%. Meanwhile, Slovenia recorded a slight decrease at -0.29%.
Future trends to watch include continued growth among larger economies like Spain and Italy, driven by robust demand for R&D in support services. Smaller nations may experience relative catch-up growth accelerated by increasing digitalization and innovation priorities within the EU framework. Monitoring the integration of AI and digital technologies into business support activities will be essential for forecasting future R&D expenditure trends.
Top countries in Business Enterprise R&D Expenditure in Administrative and Support Service Activities by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 180.36 | 2023 | +17.95% | +28.24% | View data |
| 2 | 2 Italy | 169.26 | 2023 | +14.82% | +5.91% | View data |
| 3 | 3 Germany | 77.43 | 2023 | +4.05% | +8.69% | View data |
| 4 | 4 Portugal | 76.72 | 2023 | +15.36% | +15.79% | View data |
| 5 | 5 Finland | 21.09 | 2023 | +8% | +18.05% | View data |
| 6 | 6 Lithuania | 6.78 | 2023 | +18.22% | +28.4% | View data |
| 7 | 7 Slovakia | 6.28 | 2023 | +9.45% | +9.72% | View data |
| 8 | 8 Slovenia | 1.28 | 2023 | +1.83% | -0.29% | View data |
| 9 | 9 Estonia | 0.58 | 2021 | -44.97% | View data |
