In 2023, Italy leads European R&D expenditure in business enterprises with 36.55 million euros, indicating a moderate increase of 0.35%. Spain follows, reaching 24.68 million euros, reflecting a significant 5.33% growth. Austria's spending rose by 2.79% to 21.53 million euros. Ireland saw a remarkable rise of 10.05%, totaling 10.11 million euros. In Southern Europe, Greece increased its R&D spending by 6.32%, reaching 3.17 million euros. Slovakia, Lithuania, Luxembourg, Estonia, and Latvia showed impressive double-digit growth rates, with Estonia and Latvia exhibiting the largest annual increases of over 16% in their respective expenditures.
Future trends to monitor include a potential increase in cross-border collaborations and a heightened focus on technology-driven sectors, which may drive R&D expenditure further. Monitoring the alignment of national R&D policies with EU-wide initiatives could also impact spending patterns, alongside shifts in funding from traditional to emerging industries.
Top countries in Business Enterprise Expenditure on R&D in All Sectors Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.55 | 2023 | +1.78% | +0.35% | View data |
| 2 | 2 Spain | 24.68 | 2023 | +5.69% | +5.33% | View data |
| 3 | 3 Austria | 21.53 | 2023 | +2.76% | +2.79% | View data |
| 4 | 4 Ireland | 10.11 | 2023 | +8.12% | +10.05% | View data |
| 5 | 5 Greece | 3.17 | 2023 | +6.08% | +6.32% | View data |
| 6 | 6 Slovakia | 1.24 | 2023 | +5.78% | +6.19% | View data |
| 7 | 7 Lithuania | 0.88 | 2023 | +12.04% | +16.99% | View data |
| 8 | 8 Luxembourg | 0.86 | 2023 | +0.27% | +0.43% | View data |
| 9 | 9 Estonia | 0.75 | 2023 | +3.79% | +16.48% | View data |
| 10 | 10 Latvia | 0.22 | 2023 | +3.19% | +16.4% | View data |
