In 2023, Spain led European business expenditure on R&D in professional, scientific, and technical activities, with a value of 1.69 billion euros, followed by Belgium and Poland. Portugal showed the highest year-on-year growth at 23.09%, while Italy experienced a slight decline of 0.55%. Croatia and Bosnia and Herzegovina had minimal contributions to the total expenditure, mirroring their small market sizes in these sectors.
Future trends suggest increased investment in innovative technologies and sustainability projects, particularly in stronger markets like Spain and Belgium, while Eastern European countries may gain momentum as they integrate more into the EU R&D framework, bolstered by increased funding support. Monitoring shifts in policy, funding, and international collaboration will be crucial in anticipating change.
Top countries in Business Expenditure on R&D in Professional, Scientific and Technical Activities; Administrative and Support Service Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,690 | 2021 | View data | ||
| 2 | 2 Belgium | 1,400 | 2023 | +10.02% | +13.56% | View data |
| 3 | 3 Poland | 1,360 | 2023 | +6.91% | +8.8% | View data |
| 4 | 4 Italy | 1,010 | 2023 | +3.86% | -0.55% | View data |
| 5 | 5 Portugal | 371.51 | 2023 | +17.58% | +23.09% | View data |
| 6 | 6 Czech Republic | 313.67 | 2023 | +1.16% | +1.54% | View data |
| 7 | 7 Finland | 255.2 | 2023 | +3.39% | +3.03% | View data |
| 8 | 8 Hungary | 177.75 | 2021 | View data | ||
| 9 | 9 Serbia | 124.96 | 2023 | +21.01% | +5.28% | View data |
| 10 | 10 Slovakia | 56.16 | 2023 | +3.13% | +12.31% | View data |
