The data indicates that in 2024, Spain leads in European business expenditure on R&D in IT hardware wholesale, with 3.42 euros per capita, significantly higher than Belgium's 0.95 and substantially surpassing Italy, Serbia, and Finland, which have considerably lower expenditures. Notably, Belgium witnessed a 24.44% year-on-year growth in R&D expenditure in 2023, while Italy also saw a significant increase of 21.91%. Conversely, Finland and Serbia experienced slight declines, with variations of -0.98% and -0.66% respectively during the same period. Over the past five years, the sector showcased variable growth dynamics across these countries.
Future trends to watch for include:
- Potential continued growth in Belgium and Italy driven by strategic investments.
- The possibility of Spain maintaining its leading position due to a stable economic framework supporting R&D.
- Challenges in Finland and Serbia’s R&D expenditure growth requiring strategic innovations to reverse declining trends.
- Technological advancements and policy changes influencing these trends across Europe.
Top countries in Business Expenditure on R&D in IT Hardware Wholesale by Country
| # | 5 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 3.42 | 2021 | View data | ||
| 2 | 2 Belgium | 0.95 | 2023 | +18.78% | +24.44% | View data |
| 3 | 3 Finland | 0.28 | 2023 | +20% | -0.98% | View data |
| 4 | 4 Italy | 0.07 | 2023 | +20.69% | +21.91% | View data |
| 5 | 5 Serbia | 0.037 | 2023 | +54.17% | -0.66% | View data |
