The European Business Enterprise R&D Expenditure in Information and Communication varies significantly by country. In 2023, Germany led with 6.62 billion euros. Spain followed with 1.88 billion, while Finland reached 1.1 billion. Portugal, Estonia, Lithuania, Slovenia, and Latvia collectively accounted for smaller shares. Germany and Portugal showed approximately 12% growth, whereas Latvia registered a significant 45.81% increase. Over five years, Lithuania experienced rapid growth, outperforming other countries.
Looking forward, the digital transformation will likely influence higher R&D spending, with artificial intelligence, cybersecurity, and 5G technologies being pivotal areas of investment across Europe.
Top countries in Business Enterprise R&D Expenditure in Information and Communication by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,620 | 2023 | +10.26% | +12.83% | View data |
| 2 | 2 Spain | 1,880 | 2023 | +13.87% | +13.61% | View data |
| 3 | 3 Finland | 1,100 | 2023 | +9.68% | +11.34% | View data |
| 4 | 4 Portugal | 531.05 | 2023 | +7.48% | +12% | View data |
| 5 | 5 Estonia | 131.11 | 2023 | +4.84% | +14.68% | View data |
| 6 | 6 Lithuania | 67.13 | 2023 | +6.59% | +22.88% | View data |
| 7 | 7 Slovenia | 50.99 | 2023 | +2.39% | +5.43% | View data |
| 8 | 8 Latvia | 48.77 | 2023 | +22.15% | +45.81% | View data |
