Germany led European Total Intramural R&D expenditure in 2023, with a commanding €119.61 billion investment, significantly outpacing other countries. Italy and Spain followed with €27.06 billion and €19.56 billion respectively, showcasing modest growth. Notably, smaller countries like Portugal and Estonia experienced strong year-over-year growth at 9.41% and 10.06%, respectively, indicating strategic R&D prioritization. The Baltic countries exhibited robust annual average growth rates, while larger economies displayed more stable trends.
Future trends to observe include the rapid R&D investment growth in Baltic and Eastern European countries, propelled by technological advancements and increasing EU support. Sustained commitment from larger economies like Germany and Italy will remain crucial, yet evolving dynamics could drive notable shifts in regional innovation leadership.
Top countries in Total Intramural Expenditure on R&D in All Sectors by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 119,610 | 2023 | +2.91% | +2.7% | View data |
| 2 | 2 Italy | 27,060 | 2023 | +2.01% | +1.41% | View data |
| 3 | 3 Spain | 19,560 | 2023 | +6.2% | +5.53% | View data |
| 4 | 4 Austria | 13,790 | 2023 | +2.82% | +2.96% | View data |
| 5 | 5 Ireland | 5,350 | 2023 | +4.81% | +7.02% | View data |
| 6 | 6 Portugal | 4,340 | 2023 | +9.16% | +9.41% | View data |
| 7 | 7 Greece | 2,890 | 2023 | +4.48% | +5.74% | View data |
| 8 | 8 Slovakia | 841.37 | 2023 | +1.16% | +2.3% | View data |
| 9 | 9 Luxembourg | 788.32 | 2023 | +1.99% | +2.35% | View data |
| 10 | 10 Lithuania | 675.97 | 2023 | +4.01% | +9.66% | View data |
