In 2023, Germany led European high R&D intensive activities with a production value of €56.72 million, followed by the Netherlands and Belgium with €13.32 million and €9.75 million, respectively. Spain, Austria, and Finland showed less substantial figures. Notably, Belgium reported the highest growth at 5.08%, while Finland experienced a decline of 2.88%. Greece and Estonia also exhibited modest growth. Over five years, the compound annual growth rate depicts steady expansion, albeit with Finland as an outlier due to contraction.
Looking ahead, key areas to watch include Germany’s dominance in R&D production, possibly driven by continuous investment in innovation sectors. Additionally, monitoring growth trajectories in smaller economies such as Estonia and Greece could reveal emerging new players in the high R&D segment as they capitalize on technological advancements and strategic regional alliances.
Top countries in Production of High (2-Digit Definition) R&D Intensive Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 56.72 | 2023 | +2.01% | +1.57% | View data |
| 2 | 2 Netherlands | 13.32 | 2023 | +1.35% | +2.02% | View data |
| 3 | 3 Belgium | 9.75 | 2023 | +3.33% | +5.08% | View data |
| 4 | 4 Spain | 7.58 | 2023 | +0.61% | +0.57% | View data |
| 5 | 5 Austria | 5.11 | 2023 | +2.55% | +2.38% | View data |
| 6 | 6 Finland | 3.18 | 2023 | -2.85% | -2.88% | View data |
| 7 | 7 Slovakia | 1.33 | 2023 | -0.57% | -1.01% | View data |
| 8 | 8 Greece | 1.15 | 2023 | +1.55% | +3.45% | View data |
| 9 | 9 Slovenia | 1.12 | 2023 | +2.38% | +2.27% | View data |
| 10 | 10 Estonia | 0.52 | 2023 | +2% | +2.93% | View data |
