The 2023 data reveals that Spain led government expenditures on R&D within the provided European countries, with Luxembourg experiencing a significant decline. Most countries showed moderate increases, notably Lithuania's 7.05% rise. Portugal and Estonia had negligible growth. Over a 5-year CAGR analysis, Spain maintained a robust year-on-year growth, while Luxembourg consistently declined, indicating a reducing commitment to R&D.
Looking ahead, it's essential to monitor:
- Potential policy shifts affecting R&D funds in Spain and Slovakia, which could influence their growth trajectories.
- Luxembourg's plans to reverse its significant R&D spending decline.
- Strategies in lower-investing countries like Estonia and Portugal to enhance R&D contributions.
Top countries in Government Expenditure on R&D in General Advancement of Knowledge by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 262.2 | 2023 | +1.6% | +5.57% | View data |
| 2 | 2 Slovakia | 74.84 | 2023 | +0.84% | +3.46% | View data |
| 3 | 3 Lithuania | 40.53 | 2023 | +2.61% | +7.05% | View data |
| 4 | 4 Luxembourg | 24.68 | 2023 | -7.22% | -8.61% | View data |
| 5 | 5 Estonia | 9.25 | 2023 | +1.71% | +0.0065% | View data |
| 6 | 6 Portugal | 6.31 | 2023 | +0.77% | +0.052% | View data |
