Germany leads with contributions to European wages and salaries in R&D-intensive activities, at 256.77 billion Euros in 2023, marking a 2.33% increase from the previous year. France follows at 60.37 billion Euros with a 1.93% increase. Spain, Austria, and Slovakia show growth of 0.91%, 1.6%, and 3.7% respectively. Conversely, Greece observes a decline of 0.47%, standing at 1.28 billion Euros. Over the past five years, Slovakia shows strong CAGR, driven by increasing R&D investments, while Germany and France maintain steady growth.
Future trends to watch include:
- Technological advancements amplifying R&D investments in Germany and France.
- Continued focus on innovation and digital transformation in Spain and Austria potentially boosting their R&D sectors.
- Slovakia's promising upward trend, reflecting its growing role in European R&D landscape.
- Greece may require strategic interventions to reverse declining trends.
Top countries in Wages and Salaries in Medium-High (3-Digit Definition) R&D Intensive Activities by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 256,770 | 2023 | +2.1% | +2.33% | View data |
| 2 | 2 France | 60,370 | 2023 | +1.56% | +1.93% | View data |
| 3 | 3 Spain | 27,650 | 2023 | +1.27% | +0.91% | View data |
| 4 | 4 Austria | 15,650 | 2023 | +1.91% | +1.6% | View data |
| 5 | 5 Slovakia | 4,660 | 2023 | +3.26% | +3.7% | View data |
| 6 | 6 Greece | 1,280 | 2023 | +0.23% | -0.47% | View data |
