The data highlights Serbia as the leader in business expenditure on R&D in professional, scientific, and technical services at 0.3% of GDP, closely followed by Belgium and Poland. The highest year-on-year growth in 2023 was observed in Belgium at 10.7%, with Portugal also showing a significant increase of 19.96%. While several countries experienced modest growth, such as Poland and Slovakia, the Czech Republic faced a slight decline. Finland and Italy saw minimal year-on-year changes. Looking back, 5-year trends suggest variable investment levels, with some countries showing steady growth and others stagnating.
Future trends to watch include the potential for increased digital innovation and sustainability initiatives, likely driving R&D investment in technology and eco-friendly solutions. Continuous monitoring of government policies and global economic conditions will be crucial to understanding shifts in R&D spending across Europe.
Top countries in Business Expenditure on R&D in Professional, Scientific and Technical Services by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 0.3 | 2023 | +21.2% | +6.13% | View data |
| 2 | 2 Belgium | 0.25 | 2023 | +7.89% | +10.7% | View data |
| 3 | 3 Poland | 0.23 | 2023 | +3.65% | +3.62% | View data |
| 4 | 4 Sweden | 0.18 | 2023 | +5.81% | View data | |
| 5 | 5 Portugal | 0.15 | 2023 | +13.24% | +19.96% | View data |
| 6 | 6 Spain | 0.13 | 2021 | View data | ||
| 7 | 7 Czech Republic | 0.13 | 2023 | -1.52% | -1.19% | View data |
| 8 | 8 Hungary | 0.11 | 2021 | View data | ||
| 9 | 9 Finland | 0.094 | 2023 | +1.08% | +0.43% | View data |
| 10 | 10 Italy | 0.059 | 2023 | +7.27% | +0.34% | View data |
