In 2023, Germany led European government expenditure on R&D in engineering and technology, with significant investments compared to other countries. Italy and Spain followed, albeit with lower absolute figures, while Finland and the Netherlands showed minor decline. Smaller economies like Lithuania, Portugal, and Latvia maintained or showed slight positive growth. Notably, Slovakia and Estonia experienced marginal contractions. The year-on-year variation highlights Germany's nearly 6% increase and moderate growth in Italy and Spain, offering a positive outlook despite some regional declines.
Looking ahead, considerable opportunities exist for growth across Europe. Key trends include increased collaborative R&D efforts, emphasis on sustainable technologies, and heightened competition for technological leadership. These factors may drive strategic investment shifts among European nations. Observing how countries address disparities in funding allocations will be crucial in foreseeing further developments in R&D expenditure.
Top countries in Government Expenditure on R&D in Engineering and Technology Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 73.83 | 2023 | +5.58% | +5.92% | View data |
| 2 | 2 Italy | 9.07 | 2023 | +2.31% | +3.31% | View data |
| 3 | 3 Spain | 8.56 | 2023 | +1.69% | +2.04% | View data |
| 4 | 4 Finland | 3.19 | 2023 | +0.62% | -0.52% | View data |
| 5 | 5 Netherlands | 1.51 | 2023 | -10.87% | -3.44% | View data |
| 6 | 6 Lithuania | 0.62 | 2023 | +9.02% | +0.5% | View data |
| 7 | 7 Portugal | 0.55 | 2023 | +2.85% | +0.31% | View data |
| 8 | 8 Slovakia | 0.37 | 2023 | +0.2% | -1.41% | View data |
| 9 | 9 Latvia | 0.075 | 2023 | +2.17% | +3.36% | View data |
| 10 | 10 Estonia | 0.036 | 2023 | +1.76% | +0.47% | View data |
