The European Government Expenditure on R&D in Exploration and Exploitation of Space displays significant variation by country. Germany leads with approximately 857.86 million euros, while Portugal and Luxembourg contribute minimally, with around 1.53 and 0.63 million euros, respectively, in 2023. Spain shows moderate growth at 2.1%, and Greece and Slovakia exhibit stronger increases, at 4.41% and 5.23%. In contrast, Austria experiences a decline of 3.13%. The five-year CAGR highlights a general uptrend in lesser-contributing countries, pointing to increased investment across Europe.
Future trends to monitor include potential policy shifts towards increased R&D funding in emerging countries, with particular attention to burgeoning technologies and international collaborations in the space sector, fostering increased expenditures and advancements.
Top countries in Government Expenditure on R&D in Exploration and Exploitation of Space by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 857.86 | 2021 | +7.52% | +8.11% | View data |
| 2 | 2 Spain | 160.89 | 2023 | +2.14% | +2.1% | View data |
| 3 | 3 Italy | 135.86 | 2023 | +1.79% | +0.071% | View data |
| 4 | 4 Greece | 7.38 | 2023 | +5.53% | +4.41% | View data |
| 5 | 5 Austria | 6.16 | 2023 | -3.3% | -3.13% | View data |
| 6 | 6 Slovakia | 1.76 | 2023 | +2.57% | +5.23% | View data |
| 7 | 7 Portugal | 1.53 | 2023 | +2.2% | +27.06% | View data |
| 8 | 8 Luxembourg | 0.63 | 2021 | +100% | View data | |
| 9 | 9 Ireland | 0.22 | 2023 | +32.74% | View data |
