In 2023, Germany led European R&D expenditures in engineering and technology, investing 5.35 billion euros. Italy and Spain followed with 0.657 billion and 0.620 billion euros, respectively. Countries such as Finland, Netherlands, and Portugal saw declining or stagnating expenditures, with Finland experiencing a slight decline of 0.52% and the Netherlands witnessing a 3.44% drop. Estonia marked the smallest investment at 0.0026 billion euros.
Forecasted trends suggest potential shifts in government priorities toward sustainability and digital innovation, with increasing investments in green technology and AI likely to escalate. Monitoring policy changes impacting R&D funding will be crucial for future strategic planning.
Top countries in Government Expenditure on R&D in Engineering and Technology by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,350 | 2023 | +5.58% | +5.92% | View data |
| 2 | 2 Italy | 657.13 | 2023 | +2.31% | +3.31% | View data |
| 3 | 3 Spain | 620.64 | 2023 | +1.69% | +2.04% | View data |
| 4 | 4 Finland | 231.4 | 2023 | +0.62% | -0.52% | View data |
| 5 | 5 Netherlands | 109.15 | 2023 | -10.87% | -3.44% | View data |
| 6 | 6 Lithuania | 44.66 | 2023 | +9.02% | +0.5% | View data |
| 7 | 7 Portugal | 39.52 | 2023 | +2.85% | +0.31% | View data |
| 8 | 8 Slovakia | 26.87 | 2023 | +0.2% | -1.41% | View data |
| 9 | 9 Latvia | 5.43 | 2023 | +2.17% | +3.36% | View data |
| 10 | 10 Estonia | 2.6 | 2023 | +1.76% | +0.47% | View data |
