In 2024, Sweden and Portugal lead European business R&D expenditure in information services at 0.055% of GDP. Finland follows at 0.045%, with Czech Republic, Hungary, and Slovakia ranging from 0.03% to 0.027%. Belgium and Poland trail at roughly 0.02%, while Italy, Spain, and Serbia are below 0.012%. Year-over-year changes in 2023 show Portugal's significant growth at 19.05%, alongside rising investments in Poland, Belgium, and Slovakia. However, Sweden and Serbia's expenditures remain unchanged, and Italy demonstrates minimal growth. Over the last five years, the average annual growth rates indicate variable but generally positive trends across these nations.
Future trends to watch include potential boosts in government support incentivizing private sector investment, especially in tech-savvy nations, and increased collaborative initiatives within the EU aimed at transforming digital innovation. This could lead to enhanced R&D spending in previously under-invested countries like Italy and Serbia.
Top countries in Business Expenditure on R&D in Information Service by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.055 | 2023 | +25% | View data | |
| 2 | 2 Portugal | 0.055 | 2023 | +12.24% | +19.05% | View data |
| 3 | 3 Finland | 0.045 | 2023 | 0% | +1.88% | View data |
| 4 | 4 Czech Republic | 0.03 | 2023 | +7.14% | +6.4% | View data |
| 5 | 5 Hungary | 0.029 | 2021 | View data | ||
| 6 | 6 Slovakia | 0.027 | 2023 | +8% | +8.45% | View data |
| 7 | 7 Belgium | 0.02 | 2023 | +5.26% | +10.76% | View data |
| 8 | 8 Poland | 0.019 | 2023 | +5.56% | +9.95% | View data |
| 9 | 9 Italy | 0.012 | 2023 | +9.09% | +1.76% | View data |
| 10 | 10 Spain | 0.005 | 2021 | View data |
