In 2023, Sweden led European business expenditure on R&D in scientific research and development activities, with 45.89 Euros per capita. Countries like Finland and Poland showed healthy investments with positive year-on-year growths of 3.15% and 6.47% respectively. Serbia had the highest increase at 8.85%, while Malta saw a significant decline of 18.28%. Portugal and Belgium reported notable growth, both over 20%, indicating a strong turnaround in these countries.
Looking forward, European nations may continue to see diverse trends in R&D spending. Expect dynamic growth in Eastern European countries and sustained investments in technological advancements. Watching emerging sectors such as renewable energy and biotechnology will be important, as they drive R&D efforts across the continent.
Top countries in Business Expenditure on R&D in Scientific Research and Development Activities by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 45.89 | 2023 | +3.87% | +4.89% | View data |
| 2 | 2 Finland | 35.07 | 2023 | +2.81% | +3.15% | View data |
| 3 | 3 Poland | 32.09 | 2023 | +4.89% | +6.47% | View data |
| 4 | 4 Czech Republic | 25.86 | 2023 | +0.64% | +0.5% | View data |
| 5 | 5 Serbia | 20.76 | 2023 | +25.34% | +8.85% | View data |
| 6 | 6 Spain | 19.46 | 2021 | View data | ||
| 7 | 7 Italy | 15.7 | 2023 | +6.8% | +3.62% | View data |
| 8 | 8 Portugal | 12.56 | 2023 | +15.05% | +20.33% | View data |
| 9 | 9 Slovakia | 7.31 | 2023 | +2.39% | +16.31% | View data |
| 10 | 10 Belgium | 4.06 | 2023 | +7.55% | +20.31% | View data |
