In 2023, Germany dominated European government budgets for R&D and tax incentive support, leading with €41.32 million, followed by France and Italy at €27.32 million and €14.82 million, respectively. Smaller economies like Malta and Cyprus had minimal contributions. Significant year-on-year variations included Cyprus's 26.13% increase and Belgium's 4.8%, while Germany saw a modest 3.18% rise. The five-year CAGR reflects consistent growth in R&D budgets, highlighting a sustained focus on innovation.
Looking forward, trends indicate increased collaboration across European borders, augmented digital transformation initiatives, and a potential rise in R&D allocations towards green technology, AI, and sustainability projects, spurring economic competitiveness and environmental responsibility.
Top countries in Government Budgets for R&D and Tax Incentive Support for Business R&D Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.32 | 2023 | +2.47% | +3.18% | View data |
| 2 | 2 France | 27.32 | 2023 | +1.09% | +1.9% | View data |
| 3 | 3 Italy | 14.82 | 2023 | +1.62% | +1.12% | View data |
| 4 | 4 Netherlands | 8.54 | 2023 | +1.79% | +3.1% | View data |
| 5 | 5 Belgium | 5.46 | 2023 | +3% | +4.8% | View data |
| 6 | 6 Portugal | 1.45 | 2023 | +2.21% | +3.56% | View data |
| 7 | 7 Luxembourg | 0.48 | 2023 | +4.06% | +3.79% | View data |
| 8 | 8 Slovenia | 0.33 | 2023 | +1.11% | +4.31% | View data |
| 9 | 9 Cyprus | 0.24 | 2023 | +18.15% | +26.13% | View data |
| 10 | 10 Malta | 0.039 | 2023 | +2.06% | +2.48% | View data |
