In 2023, Germany led European governmental spending on R&D in Natural Sciences and Engineering, with an investment of 16.42 billion euros, followed by Italy at 3.27 billion euros and Spain at 2.95 billion euros. Smaller nations such as Estonia and Latvia contributed modest amounts, underlining a disparity between large and small European countries. Year-on-year changes depict diverse trends, with Germany and Estonia showing notable increases, while Finland experienced minimal growth. The five-year CAGR numbers further highlight Germany's solid investment pace, while countries like Finland demonstrate steady but slower growth trajectories.
Looking to the future, focus may shift towards collaborative projects across EU nations to leverage synergies, particularly in the face of increasing global competition in innovation. Sustainable technologies could witness more funding as Europe aims to meet its climate goals. Additionally, Eastern European countries might progressively elevate their R&D shares as they strive to bridge the innovation gap.
Top countries in Government Expenditure on R&D in Natural Sciences and Engineering by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,420 | 2023 | +5.91% | +6.03% | View data |
| 2 | 2 Italy | 3,270 | 2023 | +1.78% | +3.49% | View data |
| 3 | 3 Spain | 2,950 | 2023 | +4.96% | +5% | View data |
| 4 | 4 Netherlands | 867.01 | 2023 | +1.12% | +2.11% | View data |
| 5 | 5 Finland | 472.41 | 2023 | +0.42% | +0.79% | View data |
| 6 | 6 Portugal | 160.59 | 2023 | +1.47% | +2.97% | View data |
| 7 | 7 Slovakia | 154.86 | 2023 | +2.82% | +3.02% | View data |
| 8 | 8 Lithuania | 89.39 | 2023 | +5.14% | +1.63% | View data |
| 9 | 9 Latvia | 44.11 | 2023 | +1.63% | +1.13% | View data |
| 10 | 10 Estonia | 39.06 | 2023 | +3.14% | +4.83% | View data |
