In 2024, Germany led European government expenditure on R&D in Natural Sciences with 73.07 million euros. Italy, Spain, and the Netherlands followed, albeit at significantly lower levels. Year-on-year, Germany saw a 4.28% increase, Spain 4.43%, and Estonia experienced the largest leap at 13.44%. In contrast, Latvia faced a notable decline of 4.89%. The five-year CAGR indicates consistent growth, with significant contributions from Slovenia, Estonia, and Portugal, all seeing above-average increases.
Future trends to monitor include the potential for Germany to continue setting benchmarks in R&D expenditure and the effects of emerging technologies and innovation on funding allocations across these nations. Additionally, economic stability and political focus on scientific development may drive future changes in expenditure trends.
Top countries in Government Expenditure on R&D in Natural Sciences Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73.07 | 2023 | +2.98% | +4.28% | View data |
| 2 | 2 Italy | 12.53 | 2023 | +0.24% | +1.14% | View data |
| 3 | 3 Spain | 7.09 | 2023 | +1.89% | +4.43% | View data |
| 4 | 4 Netherlands | 3.66 | 2023 | -0.14% | +0.44% | View data |
| 5 | 5 Finland | 1.05 | 2023 | +1.2% | +3.94% | View data |
| 6 | 6 Slovenia | 0.93 | 2023 | +2.16% | +5.15% | View data |
| 7 | 7 Slovakia | 0.86 | 2023 | +3.27% | +3.39% | View data |
| 8 | 8 Portugal | 0.4 | 2023 | +0.69% | +5.48% | View data |
| 9 | 9 Lithuania | 0.22 | 2023 | +0.55% | +4.97% | View data |
| 10 | 10 Latvia | 0.11 | 2023 | +0.73% | -4.89% | View data |
