The 2024 forecast for European business expenditure on R&D in Media and Entertainment reveals Portugal and Belgium as leaders with expenditure per capita of €9.16 and €7.89 respectively. Portugal showed a 3.13% increase, while Belgium exhibited a 2.73% rise in 2023. Notably, Poland saw the highest growth at 19.23%, albeit from a smaller base. Contrarily, Finland observed a 4.72% decline, and the Czech Republic a significant drop of 8.05%. Over the past five years, growth has been modest, reflecting diverse engagement in R&D across these nations.
Future trends to watch include the burgeoning interest in digital transformation, which is likely to boost R&D spending, especially in technology-driven media projects. A focus on innovation and emerging creative technologies could pave the way for growth, particularly in countries currently exhibiting lower engagement.
Top countries in Business Expenditure on R&D in Media and Entertainment by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 9.16 | 2023 | +3.54% | +3.13% | View data |
| 2 | 2 Belgium | 7.89 | 2023 | +10.2% | +2.73% | View data |
| 3 | 3 Finland | 5.38 | 2023 | +2.03% | -4.72% | View data |
| 4 | 4 Italy | 3.57 | 2023 | +5.06% | +1.88% | View data |
| 5 | 5 Spain | 1.63 | 2021 | View data | ||
| 6 | 6 Poland | 1.55 | 2023 | +9.75% | +19.23% | View data |
| 7 | 7 Croatia | 1.42 | 2023 | +30.28% | View data | |
| 8 | 8 Czech Republic | 0.069 | 2023 | -4.17% | -8.05% | View data |
| 9 | 9 Hungary | 0.039 | 2021 | View data | ||
| 10 | 10 Malta | 0.024 | 2021 | 0% | -43.03% | View data |
