In 2023, Germany led European production of medium-high R&D intensive activities with a value of 1.2 trillion euros, followed by Spain at 0.20388 trillion. Notably, Slovakia experienced the highest year-on-year variation at 3.39%, indicating rapid growth. Other countries like Austria and Slovenia also saw positive shifts, while Greece faced a negative trend at -0.081%. Over the past five years, compound growth has been stable, suggesting sustainable development in this sector across participating countries.
Future Trends to Watch:
- Increasing investment and innovation in emerging economies like Slovakia and Austria may reshape the European landscape.
- Germany's continued dominance could set benchmarks and drive collaborative R&D efforts across the region.
- Potential policy changes and technological advancements could significantly impact future outputs.
Top countries in Production of Medium-High (3-Digit Definition) R&D Intensive Activities by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,200,000 | 2023 | +1.36% | +0.82% | View data |
| 2 | 2 Spain | 203,880 | 2023 | +1.25% | +0.9% | View data |
| 3 | 3 Austria | 96,630 | 2023 | +1.8% | +1.46% | View data |
| 4 | 4 Belgium | 87,440 | 2023 | +0.89% | +0.91% | View data |
| 5 | 5 Slovakia | 54,370 | 2023 | +2.92% | +3.39% | View data |
| 6 | 6 Finland | 46,950 | 2023 | +1.34% | +0.94% | View data |
| 7 | 7 Slovenia | 13,230 | 2023 | +2.26% | +1.97% | View data |
| 8 | 8 Greece | 7,200 | 2023 | +0.34% | -0.081% | View data |
