In 2023, the United Kingdom led in R&D expenditure in Natural Sciences and Engineering among the countries listed, followed by Germany and Spain. Germany showed significant growth with a 5.91% increase from the previous year, suggesting strong investment momentum. Conversely, Romania and Slovenia saw declines in their R&D investment, with negative growth rates. Notably, Slovakia and Estonia demonstrated double-digit growth, indicating emerging investments in their R&D sectors.
Looking ahead, markets should monitor Germany's sustained growth and increasing R&D expenditures in smaller countries such as Slovakia and Estonia. Watch for potential policy and funding shifts that may influence future trends.
Top countries in Business Enterprise R&D Expenditure in Research and Experimental Development on Natural Sciences and Engineering Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 39.89 | 2023 | +0.33% | +0.24% | View data |
| 2 | 2 Germany | 24.36 | 2023 | +4.46% | +5.91% | View data |
| 3 | 3 Spain | 14.02 | 2023 | +0.64% | +0.29% | View data |
| 4 | 4 Italy | 7.5 | 2023 | +4.22% | +2.1% | View data |
| 5 | 5 Hungary | 5.44 | 2023 | +13.02% | +5.01% | View data |
| 6 | 6 Czech Republic | 3.38 | 2023 | +0.51% | +0.81% | View data |
| 7 | 7 Portugal | 1.17 | 2023 | +4.23% | +5.63% | View data |
| 8 | 8 Lithuania | 0.92 | 2023 | +7.58% | +16.57% | View data |
| 9 | 9 Slovakia | 0.83 | 2023 | +14.1% | +20.51% | View data |
| 10 | 10 Iceland | 0.71 | 2023 | +1.87% | +9.5% | View data |
