In 2023, Finland significantly led European business expenditure on R&D in printing and recorded media reproduction with €3.29 per capita, followed by Belgium with €1.09. Sweden and Hungary reported moderate expenditures, whereas the Czech Republic showcased the lowest at €0.024. Year-on-year variations show Finland's expenditure grew by 6.25%, while Belgium and Italy experienced declines. Portugal, however, experienced a robust increase of 12.43%, signaling potential growth momentum.
Future trends to watch include potential growth in Portugal due to its significant year-on-year increase. Meanwhile, ongoing declines in Belgium and Italy may suggest strategic realignments or market challenges. Finland's leadership position could be further solidified if growth continues at its current trajectory.
Top countries in Business Expenditure on R&D in Printing and Recorded Media Reproduction by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 3.29 | 2023 | +20.37% | +6.25% | View data |
| 2 | 2 Belgium | 1.09 | 2023 | +17.8% | -3.07% | View data |
| 3 | 3 Sweden | 0.54 | 2023 | +26.95% | View data | |
| 4 | 4 Hungary | 0.45 | 2021 | View data | ||
| 5 | 5 Poland | 0.45 | 2023 | +12.81% | -0.044% | View data |
| 6 | 6 Italy | 0.37 | 2023 | +1.94% | -2.33% | View data |
| 7 | 7 Spain | 0.25 | 2021 | View data | ||
| 8 | 8 Portugal | 0.18 | 2023 | +6.32% | +12.43% | View data |
| 9 | 9 Malta | 0.18 | 2023 | +5.92% | View data | |
| 10 | 10 Czech Republic | 0.024 | 2023 | -4% | -9.25% | View data |
