In 2023, European countries demonstrated varying trends in higher education expenditure on R&D. Germany led with €22.16 billion, showing a 3.79% increase from the previous year. Italy and Austria followed at €6.46 billion and €3.21 billion, with year-on-year increases of 2.35% and 3.7%, respectively. Portugal's investment rose by 1.71% to €1.25 billion, and Greece showed significant growth at 5.06%, totaling €0.82728 billion. Ireland saw a slight decline of 1.58%, reducing its expenditure to €0.80376 billion. Slovakia and Lithuania increased their spending by 5.13% and 8.53%, reaching €0.23412 billion and €0.23063 billion, respectively. Luxembourg and Estonia at €0.2028 billion and €0.19799 billion experienced growth rates of 6.81% and 3.98%. Lastly, Latvia's expenditure marginally rose by 1.44% to €0.10475 billion.
Notable Future Trends:
- Increased digitization and AI integration in research initiatives.
- Higher budget allocations by EU for R&D in emerging technologies.
- Potential variabilities due to political and economic shifts affecting funding priorities.
Top countries in Higher Education Expenditure on R&D in All Sectors by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22,160 | 2023 | +3.49% | +3.79% | View data |
| 2 | 2 Italy | 6,460 | 2023 | +1.83% | +2.35% | View data |
| 3 | 3 Austria | 3,210 | 2023 | +3.02% | +3.7% | View data |
| 4 | 4 Portugal | 1,250 | 2023 | +2.13% | +1.71% | View data |
| 5 | 5 Greece | 827.28 | 2023 | +1.94% | +5.06% | View data |
| 6 | 6 Ireland | 803.76 | 2023 | +2.27% | -1.58% | View data |
| 7 | 7 Slovakia | 234.12 | 2023 | +2.83% | +5.13% | View data |
| 8 | 8 Lithuania | 230.63 | 2023 | +2.61% | +8.53% | View data |
| 9 | 9 Luxembourg | 202.8 | 2023 | +4.25% | +6.81% | View data |
| 10 | 10 Estonia | 197.99 | 2023 | +3.33% | +3.98% | View data |
