In 2023, Germany led European business enterprise R&D expenditure in manufacturing at 65.76 billion euros, trailed by Italy and Finland with expenditures of 11.42 billion euros and 3.14 billion euros respectively. Notable percentage growths were observed in Portugal at 8.58%, Lithuania at 10.06%, and Latvia at 15.98%, highlighting dynamic growth in smaller economies. Over the past five years, consistent compound annual growth rates indicate increasing R&D investment intensity across Europe.
Future trends to monitor include the rising R&D spending in emerging European economies and shifts in government policies to support innovation in the manufacturing sector. A continued focus on sustainable technologies will likely drive investments in green manufacturing practices.
Top countries in Business Enterprise R&D Expenditure in Manufacturing by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65,760 | 2023 | +2.31% | +1.32% | View data |
| 2 | 2 Italy | 11,420 | 2023 | +2.39% | +1.29% | View data |
| 3 | 3 Finland | 3,140 | 2023 | +3.08% | +3.71% | View data |
| 4 | 4 Portugal | 881.9 | 2023 | +8.2% | +8.58% | View data |
| 5 | 5 Slovenia | 566.41 | 2023 | +1.89% | +3% | View data |
| 6 | 6 Slovakia | 316.71 | 2023 | +10.1% | +2.24% | View data |
| 7 | 7 Lithuania | 111.09 | 2023 | +10.97% | +10.06% | View data |
| 8 | 8 Latvia | 46.5 | 2023 | +5.44% | +15.98% | View data |
