In 2023, European R&D expenditure across key manufacturing sectors demonstrated significant variation. Germany led, with an impressive 50.56 billion euros, growing modestly at 0.96% from the previous year. Italy increased its expenditure to 8.03 billion euros, a 1.94% rise. Spain, with 3.0 billion euros, saw an 8.61% surge, reflecting a strong growth trajectory. Smaller economies like Estonia and Latvia experienced remarkable growth rates at 19.3% and 20.5%, albeit from lower bases.
Future trends anticipate continued investment in digital transformation, green technologies, and automation, with Southern and Eastern European countries potentially closing the R&D gap with traditional leaders.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Fabricated Metal Products, Computer, Electronic and Optical Products, Electrical Equipment, Machinery, Motor Vehicles and Other Transport Equipment by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 50,560 | 2023 | +2.41% | +0.96% | View data |
| 2 | 2 Italy | 8,030 | 2023 | +2.36% | +1.94% | View data |
| 3 | 3 Spain | 3,000 | 2023 | +11.42% | +8.61% | View data |
| 4 | 4 Finland | 2,180 | 2023 | +3.9% | +4.34% | View data |
| 5 | 5 Portugal | 270.52 | 2023 | +6.74% | +9.2% | View data |
| 6 | 6 Slovakia | 251.67 | 2023 | +11.38% | +1.52% | View data |
| 7 | 7 Estonia | 76.11 | 2023 | +12.41% | +19.3% | View data |
| 8 | 8 Lithuania | 70.64 | 2023 | +12.89% | +11.39% | View data |
| 9 | 9 Latvia | 27.79 | 2023 | +5.59% | +20.5% | View data |
