In 2023, Portugal led European countries in business expenditure on R&D in data processing and hosting relative to GDP, exhibiting a strong year-on-year growth of nearly 19%. Finland and Slovakia followed, each showing noticeable growth, with Slovakia's increase exceeding 56%. Italy and Croatia experienced modest progress, while Serbia had negligible growth. Over the past five years, these countries have shown varied progress, with Portugal and Finland consistently outpacing others.
Moving forward, the focus will likely be on continuous investment in AI and cloud computing, where innovation and digital infrastructure across Europe could influence competitive positioning and attract more R&D spending in the sector.
Top countries in Business Expenditure on R&D in Data Processing and Hosting by Country
| # | 7 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 0.05 | 2023 | +13.64% | +18.95% | View data |
| 2 | 2 Finland | 0.039 | 2023 | +2.63% | +10.2% | View data |
| 3 | 3 Slovakia | 0.018 | 2023 | +20% | +56.51% | View data |
| 4 | 4 Italy | 0.013 | 2023 | +18.18% | +5.39% | View data |
| 5 | 5 Spain | 0.005 | 2021 | View data | ||
| 6 | 6 Croatia | 0.002 | 2023 | 0% | View data | |
| 7 | 7 Serbia | 0.001 | 2023 | View data |
