The 2023 analysis of European government expenditure on R&D in Natural Sciences shows Germany leading the investment scale at €7.54 billion, signifying its commitment and existing robust infrastructure for scientific advancement. Italy and Spain trail behind with notable investments of €1.29 billion and €0.73 billion respectively. Significant growth over the past year is observed in Estonia with a 13.44% increase, whereas Latvia reflects a decline of 4.89%. Five-year CAGR reports emphasize dynamic growth in countries like Portugal and Slovenia.
Future trends to observe include the potential for increased investment from emerging countries like Estonia, driven by their recent substantial year-over-year increases. Additionally, monitoring shifts in government policies post-2023 may provide insights into changing expenditure priorities among European nations, impacting their competitive position in global scientific research.
Top countries in Government Expenditure on R&D in Natural Sciences by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,540 | 2023 | +2.98% | +4.28% | View data |
| 2 | 2 Italy | 1,290 | 2023 | +0.24% | +1.14% | View data |
| 3 | 3 Spain | 731.66 | 2023 | +1.89% | +4.43% | View data |
| 4 | 4 Netherlands | 378.19 | 2023 | -0.14% | +0.44% | View data |
| 5 | 5 Finland | 108.92 | 2023 | +1.2% | +3.94% | View data |
| 6 | 6 Slovenia | 96.37 | 2023 | +2.16% | +5.15% | View data |
| 7 | 7 Slovakia | 89.24 | 2023 | +3.27% | +3.39% | View data |
| 8 | 8 Portugal | 41.31 | 2023 | +0.69% | +5.48% | View data |
| 9 | 9 Lithuania | 22.4 | 2023 | +0.55% | +4.97% | View data |
| 10 | 10 Latvia | 11.59 | 2023 | +0.73% | -4.89% | View data |
