The European business expenditure on R&D in professional, scientific, and technical services varied significantly by country in 2023. Spain led with the highest investment at 1.58 billion euros, followed by Poland and Belgium with 1.37 and 1.26 billion euros respectively. Meanwhile, other countries such as Portugal, Czech Republic, and Finland displayed notably lower investments. Year-on-year variations illustrate Poland's growth at 7.75%, Belgium at 13.09%, and Portugal at a notable 23.6%, while Italy saw a slight decline.
Future trends to watch include potential shifts resulting from EU policy adjustments, technological advancements, and economic fluctuations that might impact R&D allocations across these nations. Emphasis may grow on collaboration and innovation strategies to boost R&D outcomes further.
Top countries in Business Expenditure on R&D in Professional, Scientific and Technical Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,580 | 2021 | View data | ||
| 2 | 2 Poland | 1,370 | 2023 | +6.28% | +7.75% | View data |
| 3 | 3 Belgium | 1,260 | 2023 | +9.39% | +13.09% | View data |
| 4 | 4 Sweden | 1,010 | 2023 | +8.29% | View data | |
| 5 | 5 Italy | 998.27 | 2023 | +3.85% | -0.51% | View data |
| 6 | 6 Portugal | 364.79 | 2023 | +17.64% | +23.6% | View data |
| 7 | 7 Czech Republic | 313.54 | 2023 | +1.17% | +1.54% | View data |
| 8 | 8 Finland | 235.98 | 2023 | +2.62% | +2% | View data |
| 9 | 9 Hungary | 165.41 | 2021 | View data | ||
| 10 | 10 Serbia | 147.66 | 2023 | +25.31% | +8.85% | View data |
