In 2023, Germany led European R&D expenditure in natural sciences and engineering at €4.13 billion, reflecting a 7.85% year-on-year increase. Spain's expenditure amounted to €2.01 billion, growing by 2.18%. Italy saw a 3.8% increase, reaching €1.18 billion. Portugal's investment surged by 10.13% to €0.16874 billion, while Lithuania's expenditure grew significantly by 18.5%, reaching €0.09291 billion. Estonia's spending rose 18.38% to €0.03301 billion, and Latvia experienced a 7.28% increase to €0.0083 billion. Conversely, Slovenia's expenditure dipped 4.75% to €0.0641 billion.
Future trends to watch include technological advancements driving increased R&D investment, competitive innovation pursuits among European nations, and shifting funding priorities towards sustainable and green engineering solutions. These trends will likely influence the growth trajectories of R&D expenditures across different countries.
Top countries in Business Enterprise R&D Expenditure in Research and Experimental Development on Natural Sciences and Engineering by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,130 | 2023 | +5.47% | +7.85% | View data |
| 2 | 2 Spain | 2,010 | 2023 | +2.62% | +2.18% | View data |
| 3 | 3 Italy | 1,180 | 2023 | +6.95% | +3.8% | View data |
| 4 | 4 Portugal | 168.74 | 2023 | +5.5% | +10.13% | View data |
| 5 | 5 Lithuania | 92.91 | 2023 | +8.45% | +18.5% | View data |
| 6 | 6 Slovenia | 64.1 | 2023 | -5.59% | -4.75% | View data |
| 7 | 7 Estonia | 33.01 | 2023 | +9.48% | +18.38% | View data |
| 8 | 8 Latvia | 8.3 | 2023 | +6.84% | +7.28% | View data |
