The analysis of European business expenditure on R&D in rubber and plastic products manufacturing, expressed as a percentage of GDP for 2023, reveals significant variations among countries. Italy leads with 0.048% while Sweden and Serbia are at the lowest with 0.004%. Year-on-year trends indicate substantial growth in Malta at 17.08%, while Belgium saw a decline. There was no change in the Czech Republic, Croatia, and Serbia. In the longer term, stable growth is observed in Italy and Slovakia, with Finland and Portugal showing accelerating trends, while regions like Sweden require close monitoring due to declines.
Future trends to watch include:
- How economic conditions and policies impact R&D spending in leading regions like Italy and Slovakia.
- The adoption of innovative technologies affecting growth dynamics in emerging markets such as Malta and Portugal.
- Strategies employed by countries like Belgium and Sweden to reverse their declining expenditures.
Top countries in Business Expenditure on R&D in Rubber and Plastic Products Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 0.048 | 2023 | +4.35% | +6.52% | View data |
| 2 | 2 Slovakia | 0.043 | 2023 | +13.16% | +9.75% | View data |
| 3 | 3 Finland | 0.027 | 2023 | +3.85% | +12.47% | View data |
| 4 | 4 Portugal | 0.024 | 2023 | +14.29% | +14.87% | View data |
| 5 | 5 Belgium | 0.023 | 2023 | 0% | -0.85% | View data |
| 6 | 6 Czech Republic | 0.018 | 2023 | 0% | 0% | View data |
| 7 | 7 Poland | 0.017 | 2023 | +13.33% | +5.51% | View data |
| 8 | 8 Hungary | 0.016 | 2021 | View data | ||
| 9 | 9 Malta | 0.011 | 2023 | 0% | +17.08% | View data |
| 10 | 10 Spain | 0.007 | 2021 | View data |
