In 2023, Sweden led European nations in business R&D expenditure in transportation and storage as a percentage of GDP, followed by Belgium and Finland. Sweden experienced a 72.2% increase, while Finland saw a 33.56% rise, highlighting significant investments. Portugal, Italy, and Malta posted moderate growth near 8% year-on-year. Expenditure for Poland and Czech Republic remained static. Over the past five years, growth has shown diverse trajectories, with Sweden outpacing others.
Future trends to monitor include the emphasis on sustainable transportation and logistics, funding technological advancements in electric vehicles and smart logistics systems. The focus on green solutions could reshape R&D funding across Europe, potentially altering country rankings.
Top countries in Business Expenditure on R&D in Transportation and Storage by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.053 | 2023 | +15.22% | +72.2% | View data |
| 2 | 2 Belgium | 0.03 | 2023 | +11.11% | +14.87% | View data |
| 3 | 3 Finland | 0.017 | 2023 | +21.43% | +33.56% | View data |
| 4 | 4 Spain | 0.012 | 2021 | View data | ||
| 5 | 5 Portugal | 0.008 | 2023 | +14.29% | +5.92% | View data |
| 6 | 6 Hungary | 0.006 | 2021 | View data | ||
| 7 | 7 Italy | 0.003 | 2023 | 0% | +8.45% | View data |
| 8 | 8 Malta | 0.003 | 2023 | +50% | +8.45% | View data |
| 9 | 9 Poland | 0.001 | 2023 | 0% | View data | |
| 10 | 10 Czech Republic | 0.001 | 2023 | 0% | 0% | View data |
