The European Business Enterprise R&D expenditure in the Manufacture of Fabricated Metal Products (Except Machinery and Equipment) showcases significant diversity across countries. Germany leads with a substantial expenditure of 1.1 billion euros in 2023, followed by Italy at 0.49017 billion euros and Spain at 0.1676 billion euros. Smaller economies like Latvia and Lithuania have minimal investments, with expenditures at 0.00103 and 0.00426 billion euros, respectively. Significant growth was seen in Estonia, with a remarkable increase of 47.9% in 2023. Meanwhile, Finland and Slovenia experienced declines, with Finland dropping by 3.2% and Slovenia by 5.33%.
Future trends to watch include:
- Potential for increased R&D investment in Estonia due to its rapid growth.
- Germany's sustained leadership in R&D expenditure, driving innovation in the sector.
- Focus on digital transformation and automation may influence expenditure patterns across Europe.
- Emerging green technologies could alter R&D investment priorities.
- Economic policies and geopolitical factors impacting national R&D budgets.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,100 | 2023 | +2.07% | +3.28% | View data |
| 2 | 2 Italy | 490.17 | 2023 | +8.38% | +0.74% | View data |
| 3 | 3 Spain | 167.6 | 2023 | +6.56% | +3.52% | View data |
| 4 | 4 Portugal | 55.27 | 2023 | +5.91% | +11.91% | View data |
| 5 | 5 Finland | 47.84 | 2023 | +0.85% | -3.2% | View data |
| 6 | 6 Slovakia | 14.93 | 2023 | +5% | +3.56% | View data |
| 7 | 7 Slovenia | 9.64 | 2023 | -6.2% | -5.33% | View data |
| 8 | 8 Estonia | 7.08 | 2023 | +25.44% | +47.9% | View data |
| 9 | 9 Lithuania | 4.26 | 2023 | +36.91% | +16.9% | View data |
| 10 | 10 Latvia | 1.03 | 2023 | +21.34% | +13.9% | View data |
