In 2023, Sweden leads in R&D expenditure on business services in Europe, with 565.73 euros per capita, while Serbia lags with only 19.7 euros. Countries like Belgium and Portugal showed robust growth with 14.27% and 14.69% increases respectively. Finland, Czech Republic, and Poland also demonstrated healthy year-on-year growth. Other nations like Malta and Italy experienced slight increases, and Sweden and Croatia maintained stability. Over the past five years, there has been a moderate Compound Annual Growth Rate observed across the various countries, reflecting steady expansion in business services R&D investment.
Future trends to watch include:
- The potential impact of digital transformation and artificial intelligence on R&D spending.
- Increased cross-border collaboration and funding opportunities within the EU, particularly under the Horizon Europe framework.
- Growth in emerging sectors like green technologies driving R&D investment.
- Adaptation to regulatory changes that could influence business services R&D allocations.
Top countries in Business Expenditure on R&D in Business Services by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 565.73 | 2023 | +6.85% | View data | |
| 2 | 2 Belgium | 431.85 | 2023 | +10.89% | +14.27% | View data |
| 3 | 3 Finland | 352.37 | 2023 | +11.68% | +11.35% | View data |
| 4 | 4 Czech Republic | 129.42 | 2023 | +5.57% | +10.22% | View data |
| 5 | 5 Portugal | 128.96 | 2023 | +11.77% | +14.69% | View data |
| 6 | 6 Poland | 97.65 | 2023 | +9.4% | +11.98% | View data |
| 7 | 7 Spain | 87.37 | 2021 | View data | ||
| 8 | 8 Malta | 77.74 | 2023 | +3.16% | +3.06% | View data |
| 9 | 9 Italy | 64.72 | 2023 | +5.38% | +2.29% | View data |
| 10 | 10 Hungary | 47.56 | 2021 | View data |
