In 2023, Italy led European manufacturing R&D expenditure with €12.64 billion. Belgium and Sweden followed at €9.19 billion and €7.61 billion, respectively. Notable growth was seen in Belgium (7.24%) and Portugal (10.68%), whereas Sweden experienced a decrease of 1.82%. Smaller economies like Malta outperformed with a 12.04% increase. The data highlights a varied landscape, where countries like Poland and the Czech Republic showed moderate growth of 4.57% and 3.97%, respectively.
Future trends to watch include:
- Divergent growth rates between larger and smaller economies.
- The role of EU policies in influencing R&D spending.
- Technology adoption driving investment in smaller nations.
- Potential impact of global economic conditions on R&D budgets.
Top countries in Business Expenditure on R&D in Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 12,640 | 2023 | +2.48% | +1.66% | View data |
| 2 | 2 Belgium | 9,190 | 2023 | +5.46% | +7.24% | View data |
| 3 | 3 Sweden | 7,610 | 2023 | +0.19% | -1.82% | View data |
| 4 | 4 Spain | 4,420 | 2021 | View data | ||
| 5 | 5 Finland | 3,770 | 2023 | +5.47% | +5.22% | View data |
| 6 | 6 Poland | 2,060 | 2023 | +5.23% | +4.57% | View data |
| 7 | 7 Czech Republic | 1,910 | 2023 | +4.89% | +3.97% | View data |
| 8 | 8 Hungary | 1,240 | 2021 | View data | ||
| 9 | 9 Portugal | 1,110 | 2023 | +9.32% | +10.68% | View data |
| 10 | 10 Slovakia | 340.78 | 2023 | +10.55% | +3.12% | View data |
