In 2024, Spain leads European business expenditure on R&D in construction, allocating 149.32 million Euros, followed by Belgium at 124.32 million Euros. Italy and Sweden show moderate investment at 57.9 million and 56.07 million Euros, respectively, with Poland close behind at 43.21 million Euros. Portugal, Czech Republic, Hungary, and Finland follow suit with smaller investments. Croatia, Serbia, Malta, and Slovakia show minimal expenditure below 5 million Euros.
In 2023, notable variations include a 7.11% increase in Belgium and significant growth in Poland and Portugal at 11.31% and 14.68%, respectively. Malta experienced an impressive 59.95% surge. Conversely, Italy and Finland saw declines of 2.84% and 6.47%, respectively, while Croatia and Serbia's expenditures remained stagnant.
Looking ahead, key trends to monitor include potential increases in R&D investments driven by technological advancements, sustainability initiatives, and regulatory changes. Countries with significant recent growth like Malta and Portugal may continue their upward trajectory, while others may seek to catch up, influenced by economic conditions and industry demands.
Top countries in Business Expenditure on R&D in Construction by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 149.32 | 2021 | View data | ||
| 2 | 2 Belgium | 124.32 | 2023 | +8.3% | +7.11% | View data |
| 3 | 3 Italy | 57.9 | 2023 | +3.7% | -2.84% | View data |
| 4 | 4 Sweden | 56.07 | 2023 | +5.78% | +2.69% | View data |
| 5 | 5 Poland | 43.21 | 2023 | +5.59% | +11.31% | View data |
| 6 | 6 Portugal | 27.02 | 2023 | +9.37% | +14.68% | View data |
| 7 | 7 Czech Republic | 23.87 | 2023 | +2.82% | +2.01% | View data |
| 8 | 8 Hungary | 17.55 | 2021 | View data | ||
| 9 | 9 Finland | 16.75 | 2023 | -7.97% | -6.47% | View data |
| 10 | 10 Croatia | 4.1 | 2023 | +21.07% | View data |
