In 2023, Sweden led the European R&D expenditure in Human Health and Social Work Activities as a percentage of GDP, while Hungary and Belgium followed closely. Slovakia recorded a significant increase with an impressive 43.1% growth, and Finland experienced a 17.98% rise. Modest growth was observed in Italy and Poland, with variations of 4.84% and 8.02% respectively. Portugal saw a notable 14.87% increase, while Malta's expenditure remained stagnant alongside Sweden and Croatia.
Looking ahead, strategic investments and policy support could drive upward trends, particularly in countries showing recent strong growth, such as Slovakia and Finland. The continuing advancement of health and social work technologies will likely influence expenditure patterns across Europe.
Top countries in Business Expenditure on R&D in Human Health and Social Work Activities by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.04 | 2023 | +25% | View data | |
| 2 | 2 Hungary | 0.031 | 2021 | View data | ||
| 3 | 3 Belgium | 0.027 | 2023 | +8% | +12.47% | View data |
| 4 | 4 Croatia | 0.026 | 2023 | +44.44% | View data | |
| 5 | 5 Poland | 0.025 | 2023 | +19.05% | +8.02% | View data |
| 6 | 6 Spain | 0.025 | 2021 | View data | ||
| 7 | 7 Portugal | 0.02 | 2023 | +11.11% | +14.87% | View data |
| 8 | 8 Italy | 0.019 | 2023 | +5.56% | +4.84% | View data |
| 9 | 9 Slovakia | 0.018 | 2023 | +12.5% | +43.1% | View data |
| 10 | 10 Finland | 0.016 | 2023 | +6.67% | +17.98% | View data |
