In 2024, European countries exhibited varied Business Expenditure on R&D in Natural Sciences and Engineering. Poland led with expenditures of 1.23 billion Euros, followed by Spain at approximately 0.91 billion Euros. Italy and the Czech Republic spent 0.68 and 0.27 billion Euros, respectively. Serbia and Portugal showed increasing investments, with growth rates of 8.64% and 24.14% in 2023. Conversely, Malta saw a decline. Looking at the five-year average, Slovakia's expenditure grew strongly at 36.39%, signaling robust investment efforts.
Looking ahead, the future trends to watch in European R&D expenditure include a potential increase in collaborative efforts across countries to boost innovation. There may also be a focus on sustainable technologies and digital transformation, reflecting broader EU policy directions. Moreover, the funding structures may evolve with more venture capital involvement to drive strategic projects.
Top countries in Business Expenditure on R&D in Research and Experimental Development on Natural Sciences and Engineering by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,230 | 2023 | +4.98% | +6.03% | View data |
| 2 | 2 Spain | 905.69 | 2021 | View data | ||
| 3 | 3 Italy | 677.37 | 2023 | -2.15% | View data | |
| 4 | 4 Czech Republic | 267.85 | 2023 | -0.89% | +0.43% | View data |
| 5 | 5 Serbia | 164.95 | 2023 | +28.92% | +8.64% | View data |
| 6 | 6 Portugal | 127.97 | 2023 | +18.03% | +24.14% | View data |
| 7 | 7 Slovakia | 66.83 | 2023 | +26.74% | +36.39% | View data |
| 8 | 8 Belgium | 53.77 | 2021 | +47.07% | View data | |
| 9 | 9 Bosnia and Herzegovina | 0.83 | 2021 | View data | ||
| 10 | 10 Malta | 0.15 | 2023 | -8.07% | -5.17% | View data |
