In 2023, Finland leads European countries in R&D construction expenditure at 161.2 million Euros, followed closely by Italy (160.08 million Euros). Germany and Portugal follow, with values at 115.49 and 46.57 million Euros, respectively. Notably, Portugal's year-on-year growth hit 30.19% while Estonia saw a 20.43% decline. Lithuania and Latvia also experienced decreases in R&D expenditure, with Lithuania at -9.57% and Latvia at -6.0%. Over the last two years, positive trends are reflected in German, Slovenian, and Slovakian R&D growth rates, indicating a robust research environment in these countries.
Future trends to watch include the impact of digital innovation and sustainability initiatives on construction R&D expenditure. Countries with higher year-on-year growth rates may continue to leverage technological advancements for competitive advantage. Additionally, the focus on green and sustainable construction practices could redirect or amplify R&D investments among these European countries.
Top countries in Business Enterprise R&D Expenditure in Construction by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 161.2 | 2023 | +5.66% | +6.42% | View data |
| 2 | 2 Italy | 160.08 | 2023 | +10.25% | +0.46% | View data |
| 3 | 3 Germany | 115.49 | 2023 | +3.3% | +7.06% | View data |
| 4 | 4 Portugal | 46.57 | 2023 | +20.69% | +30.19% | View data |
| 5 | 5 Lithuania | 5.74 | 2023 | +7.07% | -9.57% | View data |
| 6 | 6 Slovenia | 3.15 | 2023 | +4.42% | +7.5% | View data |
| 7 | 7 Slovakia | 1.37 | 2023 | +4.49% | +17.37% | View data |
| 8 | 8 Estonia | 0.32 | 2023 | -28.48% | -20.43% | View data |
| 9 | 9 Latvia | 0.23 | 2023 | -9.6% | -6% | View data |
