In 2023, Germany led European R&D expenditure in professional, scientific, and technical activities with €51.48 million, followed by Spain (€21.94 million) and Italy (€13.87 million). Notable growth was observed in Estonia, Lithuania, and Slovakia, each with over 17% increase from the previous year. Conversely, Latvia experienced a decline of 1.65%. Over the past five years, compounded annual growth highlights steady investment increases in countries like Portugal, Lithuania, and Slovakia.
Future trends to watch include Germany's continued investment leadership, potential shifts in Spanish and Italian R&D prioritization, and persistent growth in emerging markets such as the Baltics and Eastern Europe, driven by digital and technological advancements.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific and Technical Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 51.48 | 2023 | +3.44% | +2.81% | View data |
| 2 | 2 Spain | 21.94 | 2023 | +1.1% | +1.96% | View data |
| 3 | 3 Italy | 13.87 | 2023 | +5.87% | +2.11% | View data |
| 4 | 4 Finland | 5.19 | 2023 | +3.06% | +4.8% | View data |
| 5 | 5 Portugal | 4.34 | 2023 | +13.13% | +17.56% | View data |
| 6 | 6 Slovenia | 0.98 | 2023 | +1.08% | +1.28% | View data |
| 7 | 7 Lithuania | 0.98 | 2023 | +10.18% | +17.69% | View data |
| 8 | 8 Slovakia | 0.79 | 2023 | +7.55% | +17.88% | View data |
| 9 | 9 Estonia | 0.37 | 2023 | +4.81% | +23.4% | View data |
| 10 | 10 Latvia | 0.072 | 2023 | -3.01% | -1.65% | View data |
