In 2023, Germany led European production in medium-high R&D intensive activities, valued at 1.2405 trillion euros, showing consistent growth. Italy and the Netherlands followed, with values at 0.39162 and 0.18335 trillion euros, respectively. The Netherlands had a significant year-on-year increase of 2.07%, while Estonia marked the highest growth at 3.11%. Austria and Finland showed robust growth with over 1.5% year-on-year increases. Despite smaller volumes, Slovenia and Greece grew by 2.06% and 1% in 2023.
Future trends to watch include:
- Diversification in R&D strategies by leading countries like Germany.
- Increased collaboration between countries improving production volumes.
- Growth opportunities in smaller markets such as Estonia.
- The impact of policy changes and funding on sustainable R&D expansion in Europe.
Top countries in Production Volumes of Medium-High (2-Digit Definition) R&D Intensive Activities by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,240,500 | 2023 | +1.49% | +1.27% | View data |
| 2 | 2 Italy | 391,620 | 2023 | +0.75% | +0.3% | View data |
| 3 | 3 Netherlands | 183,350 | 2023 | +2.31% | +2.07% | View data |
| 4 | 4 Austria | 97,680 | 2023 | +2.01% | +1.85% | View data |
| 5 | 5 Belgium | 85,110 | 2023 | +0.47% | +0.67% | View data |
| 6 | 6 Finland | 54,240 | 2023 | +1.65% | +1.55% | View data |
| 7 | 7 Slovenia | 13,320 | 2023 | +2.24% | +2.06% | View data |
| 8 | 8 Greece | 8,680 | 2023 | +0.5% | +1% | View data |
| 9 | 9 Estonia | 4,520 | 2023 | +3.25% | +3.11% | View data |
