In 2023, Germany led European R&D intensive activity wages with a value of 45.18 billion Euros, followed by Italy with 12.93 billion Euros. The Netherlands, Spain, and Austria follow in descending order. The noteworthy year-on-year variation shows Romania experiencing a 3.05% increase, the largest among significant economies. While Finland's wages declined by 0.92%, Greece and Estonia show promising growth at 2.52% and 2.87%, respectively. Over the last five years, these economies experienced varied CAGR.
Future trends indicate a strong potential for increased investment in research and development activities across Europe. Key focus areas include enhancing digitalization, increasing collaboration across borders, and investing in emerging technologies to spur economic growth driven by innovative sectors.
Top countries in Wages and Salaries in High (2-Digit Definition) R&D Intensive Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45,180 | 2023 | +2.41% | +3.05% | View data |
| 2 | 2 Italy | 12,930 | 2023 | +1.19% | +1.48% | View data |
| 3 | 3 Netherlands | 5,040 | 2023 | +1.61% | +1.7% | View data |
| 4 | 4 Spain | 4,540 | 2023 | +0.69% | +0.75% | View data |
| 5 | 5 Austria | 3,630 | 2023 | +2.24% | +2.22% | View data |
| 6 | 6 Finland | 2,190 | 2023 | -0.86% | -0.92% | View data |
| 7 | 7 Slovenia | 790.1 | 2023 | +2.25% | +1.86% | View data |
| 8 | 8 Greece | 732.04 | 2023 | +1.32% | +2.52% | View data |
| 9 | 9 Slovakia | 404.37 | 2023 | +2.39% | +2.73% | View data |
| 10 | 10 Luxembourg | 293.13 | 2023 | +0.16% | +0.016% | View data |
