European production volumes of scientific R&D in 2023 were led by Germany and Italy, totaling approximately 53.64 and 25.99 million Euros, respectively. Germany experienced a 2.48% increase, whereas Italy grew by 0.87%. Netherlands, Belgium, and Austria followed, with respective growth rates of 0.92%, 2.39%, and 3.59%. While Finland and Luxembourg saw declines, other smaller players like Slovenia and Estonia recorded positive growth, showcasing an overall robust R&D environment.
Looking ahead, Europe may continue to see divergence in R&D growth rates by country. Watch for technological advancements influencing investment, along with EU funding policies and macroeconomic conditions impacting scientific output.
Top countries in Production Volumes of Scientific R&D Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53.64 | 2023 | +2.1% | +2.48% | View data |
| 2 | 2 Italy | 25.99 | 2023 | +0.78% | +0.87% | View data |
| 3 | 3 Netherlands | 6.09 | 2023 | +1.09% | +0.92% | View data |
| 4 | 4 Belgium | 5.14 | 2023 | +3.63% | +2.39% | View data |
| 5 | 5 Austria | 3.76 | 2023 | +3.14% | +3.59% | View data |
| 6 | 6 Finland | 2.52 | 2023 | 0% | -0.34% | View data |
| 7 | 7 Greece | 1.25 | 2023 | +0.58% | +0.8% | View data |
| 8 | 8 Slovenia | 0.75 | 2023 | +1.64% | +1.44% | View data |
| 9 | 9 Luxembourg | 0.54 | 2023 | -0.98% | -1.3% | View data |
| 10 | 10 Estonia | 0.31 | 2023 | +1.36% | +1.76% | View data |
