The analysis of European Business Expenditure on R&D in Repair and Installation of Machinery and Equipment reveals that Belgium leads significantly with the highest expenditure of 3.68 euros per capita, a notable 23.27% increase in 2023. Finland and the Czech Republic also record substantial investments. Portugal experiences a robust growth of 13.96%, while Italy and Sweden witness declines of 18.62% and 1.37%, respectively. Poland and Serbia present modest to nil growth with values standing below 1 euro per capita.
Future trends to watch include:
- Potential increase in R&D spending in Central European countries like the Czech Republic and Hungary as industrial modernization advances.
- The impact of EU policies and funding incentives to boost R&D activities, particularly for greener technologies.
- Consolidation trends in R&D efforts among multinational companies that may affect country-specific expenditures.
Top countries in Business Expenditure on R&D in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 3.68 | 2023 | +12.83% | +23.27% | View data |
| 2 | 2 Finland | 2.16 | 2021 | -14.43% | View data | |
| 3 | 3 Czech Republic | 1.97 | 2023 | +17.18% | +4.92% | View data |
| 4 | 4 Hungary | 1.33 | 2021 | View data | ||
| 5 | 5 Portugal | 1.32 | 2023 | +5.84% | +13.96% | View data |
| 6 | 6 Sweden | 1.01 | 2023 | +3.38% | -1.37% | View data |
| 7 | 7 Italy | 0.95 | 2023 | +1.82% | -18.62% | View data |
| 8 | 8 Poland | 0.6 | 2023 | +3.63% | +3.47% | View data |
| 9 | 9 Spain | 0.45 | 2021 | View data | ||
| 10 | 10 Serbia | 0.18 | 2023 | +6.63% | View data |
