European Business Expenditure on R&D in Utilities and Remediation Activities varies significantly by country with Italy leading at 439.75 million euros and Malta at the bottom with 0.22 million euros in 2023. Notable year-on-year increase in 2023 was seen in Italy (20.42%), Portugal (21.69%), and Slovakia (24.27%), while Sweden experienced a decline of 5.46%. On average over the past five years, overall R&D expenditures in these sectors have shown moderate growth except in a few nations like Croatia, which had stagnated at 0% growth.
Looking forward, anticipated trends include continued growth driven by increasing emphasis on sustainable solutions and innovation in environmental technologies. Countries with substantial growth in historical data are expected to further their investments, while those with lower values might leverage policies to boost their R&D capabilities. Watch for policy shifts, funding allocations, and regulatory changes impacting these trends.
Top countries in Business Expenditure on R&D in Utilities and Remediation Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 439.75 | 2023 | +8.92% | +20.42% | View data |
| 2 | 2 Spain | 310.53 | 2021 | View data | ||
| 3 | 3 Belgium | 218.53 | 2023 | +5.65% | +7.22% | View data |
| 4 | 4 Sweden | 137.06 | 2023 | +1.21% | -5.46% | View data |
| 5 | 5 Finland | 54.5 | 2023 | +1.78% | +13.37% | View data |
| 6 | 6 Poland | 46.04 | 2023 | +2.68% | +2.96% | View data |
| 7 | 7 Portugal | 44.58 | 2023 | +11.06% | +21.69% | View data |
| 8 | 8 Hungary | 44.2 | 2021 | View data | ||
| 9 | 9 Czech Republic | 31.46 | 2023 | +5.69% | +15.69% | View data |
| 10 | 10 Croatia | 5.85 | 2023 | -25.49% | View data |
