In 2023, Switzerland led European business expenditure on R&D in chemicals, with EUR 69.19 per capita, followed by Belgium at EUR 63.27. Both countries showed modest yearly increases of 2.9% and 3.05%, respectively. Sweden and Finland ranked third and fourth, with minor growth and a slight decline in research spending. Notable year-on-year growth occurred in Portugal and Malta, surpassing 12%, while Poland and Finland experienced reductions. Expenditure showed a mixed but generally optimistic trajectory, considering past performance and recent variations.
Looking ahead, watch for increasing R&D investments in growing economies and emerging innovations, which may usher in enhanced competitiveness and breakthroughs in chemical manufacturing across Europe.
Top countries in Business Expenditure on R&D in Chemicals and Chemical Products Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 69.19 | 2023 | +4.18% | +2.9% | View data |
| 2 | 2 Belgium | 63.27 | 2023 | +1.46% | +3.05% | View data |
| 3 | 3 Sweden | 15.82 | 2023 | +16.07% | View data | |
| 4 | 4 Finland | 15.15 | 2023 | -2.83% | -2.29% | View data |
| 5 | 5 Italy | 9.36 | 2023 | +5.79% | +4.13% | View data |
| 6 | 6 Portugal | 6.35 | 2023 | +11.45% | +12.79% | View data |
| 7 | 7 Spain | 6.26 | 2021 | View data | ||
| 8 | 8 Poland | 2.77 | 2023 | +5.04% | -3.23% | View data |
| 9 | 9 Czech Republic | 2.66 | 2023 | -0.075% | +2.96% | View data |
| 10 | 10 Hungary | 1.29 | 2021 | View data |
