In 2024, France leads Europe in government-financed business enterprise R&D expenditure with €33.04 million, followed by Germany at €25.74 million. The Netherlands (€10.29 million) and Spain (€9.9 million) also report significant contributions. Notably, smaller countries like Cyprus and Estonia show substantial year-on-year growths of 47.31% and 13.41%, respectively, whereas Italy experiences a decline at -2.58%. Over a longer period, growth has prominently been seen in nations like Finland and Slovenia.
Future trends to monitor include:
- Potential increase in R&D expenditure driven by digital transformation and green energy initiatives.
- The role of policy changes in smaller economies as they strive to catch up with leading nations.
- The potential impact of economic and political factors on R&D funding allocations.
Top countries in Government-Financed Business Enterprise Expenditure on R&D Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 33.04 | 2023 | +0.034% | +0.57% | View data |
| 2 | 2 Germany | 25.74 | 2023 | -0.19% | +0.38% | View data |
| 3 | 3 Netherlands | 10.29 | 2023 | +4.09% | +5.17% | View data |
| 4 | 4 Spain | 9.9 | 2023 | +1.24% | +2.81% | View data |
| 5 | 5 Italy | 7.81 | 2023 | -0.91% | -2.58% | View data |
| 6 | 6 Belgium | 5.07 | 2023 | +2.26% | +5.37% | View data |
| 7 | 7 Austria | 3.61 | 2023 | +0.73% | +0.87% | View data |
| 8 | 8 Finland | 2.02 | 2023 | +1.59% | +8.65% | View data |
| 9 | 9 Ireland | 1.43 | 2023 | +1.93% | -0.22% | View data |
| 10 | 10 Slovenia | 0.63 | 2023 | +1.47% | +6.26% | View data |
