In 2023, Belgium led European R&D service expenditure per capita at €417.52, with Finland and the Czech Republic following at €328.19 and €155.7, respectively. Over the past year, Portugal experienced the most significant growth at 16.45%, while Slovakia also showed a notable increase of 16.6%. The other countries observed relatively moderate growth, with Malta and Croatia experiencing minimal changes. Over a five-year period, compound annual growth rates are expected to show consistent development, reflecting increased R&D investment interest across most nations.
Future trends may include intensified focus on innovation-driven policies, the integration of digital transformation in service sectors, and cross-border R&D collaborations ensuring the growth of expenditure. Emerging technologies and sustainability projects could drive R&D spending variably across Europe.
Top countries in Business Expenditure on R&D in Services by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 417.52 | 2023 | +7.01% | +12.88% | View data |
| 2 | 2 Finland | 328.19 | 2023 | +6.05% | +9.34% | View data |
| 3 | 3 Czech Republic | 155.7 | 2023 | +14.06% | +14.09% | View data |
| 4 | 4 Portugal | 136.49 | 2023 | +12.48% | +16.45% | View data |
| 5 | 5 Poland | 98.16 | 2023 | +7.83% | +9.7% | View data |
| 6 | 6 Spain | 97.98 | 2021 | View data | ||
| 7 | 7 Malta | 78.57 | 2023 | +3.3% | +3.28% | View data |
| 8 | 8 Italy | 74.14 | 2023 | +3.31% | +2.94% | View data |
| 9 | 9 Hungary | 55.33 | 2021 | View data | ||
| 10 | 10 Slovakia | 49.99 | 2023 | +10.72% | +16.6% | View data |
