In 2023, Switzerland led Europe in R&D spending per capita in electronic components manufacturing, with 48.2 euros, showing a year-on-year growth of 3.21%. Finland followed with 27.14 euros per capita and a 4.3% increase. Italy, at 19.47 euros per capita, experienced a 4.91% increase. Conversely, Belgium and Malta saw declines of 2.47% and 5.81%, respectively. Portugal and Poland marked significant growth rates exceeding 10%, whereas Serbia stagnated with no growth. Over five years, consistent investment with a focus on innovation-driven economies such as Switzerland and Finland has been notable.
Future trends to watch:
- Continued growth in Scandinavian countries like Finland due to tech focus.
- Potential recovery in Belgium and Malta's collaboration-driven R&D.
- Increased investment in Eastern Europe as these countries enhance their technological sectors.
Top countries in Business Expenditure on R&D in Electronic Components Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 48.2 | 2023 | +0.56% | +3.21% | View data |
| 2 | 2 Finland | 27.14 | 2023 | +5.98% | +4.3% | View data |
| 3 | 3 Italy | 19.47 | 2023 | +5.95% | +4.91% | View data |
| 4 | 4 Belgium | 9.93 | 2023 | +2.74% | -2.47% | View data |
| 5 | 5 Czech Republic | 9.82 | 2023 | +13.48% | +1.96% | View data |
| 6 | 6 Malta | 5.24 | 2023 | -0.21% | -5.81% | View data |
| 7 | 7 Slovakia | 2.44 | 2023 | +2.86% | +3.17% | View data |
| 8 | 8 Portugal | 1.99 | 2023 | +1.68% | +11.37% | View data |
| 9 | 9 Poland | 1.11 | 2023 | +5.01% | +10.59% | View data |
| 10 | 10 Spain | 1.01 | 2021 | View data |
