In 2023, Belgium led European R&D spending in Utilities and Remediation Activities as a percentage of GDP. Hungary followed, while Slovakia and Malta recorded the lowest levels. Portugal showed the most significant positive change with a 23.52% increase, while Serbia experienced a sharp decline. Finland and Italy displayed robust improvements, while Sweden and Serbia faced declines. The market mix remains diverse, with Western and Northern Europe generally investing more than Eastern European nations.
Future trends to watch include an increased focus on sustainable practices and clean technology innovation, as countries adjust to environmental regulations and climate goals. Central and Eastern Europe may gradually close the investment gap, driven by EU funding and increased industrial activity.
Top countries in Business Expenditure on R&D in Utilities and Remediation Activities by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 0.045 | 2023 | +4.65% | +5.77% | View data |
| 2 | 2 Hungary | 0.029 | 2021 | View data | ||
| 3 | 3 Spain | 0.026 | 2021 | View data | ||
| 4 | 4 Sweden | 0.026 | 2023 | +4% | -7.31% | View data |
| 5 | 5 Portugal | 0.023 | 2023 | +4.55% | +23.52% | View data |
| 6 | 6 Finland | 0.021 | 2023 | 0% | +11.84% | View data |
| 7 | 7 Italy | 0.017 | 2023 | 0% | +11.2% | View data |
| 8 | 8 Czech Republic | 0.013 | 2023 | 0% | +13.18% | View data |
| 9 | 9 Serbia | 0.013 | 2023 | +8.33% | -10.78% | View data |
| 10 | 10 Poland | 0.01 | 2023 | 0% | +4.56% | View data |
