The European Market Output in Research and Development in All Activities by Specialist Producers in 2023 showed France leading with €555.1 million, followed by Austria with €323.9 million, and Belgium at €35.2 million. Portugal, Luxembourg, Estonia, and Slovenia registered lower outputs. Year-on-year variations revealed growth for most countries, with Luxembourg showing the highest increase at 4.99%, while Portugal decreased by 4.6%. The five-year Compound Annual Growth Rate (CAGR) indicates stability and moderate growth in this sector.
Future trends to watch include increased investment in technology-driven R&D in France and Austria, potential recovery in Portugal, and consistent expansion in smaller but dynamic countries like Luxembourg and Estonia.
Top countries in Market Output in Research and Development in All Activities by Specialist Producers by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 555.1 | 2023 | +1.72% | +2.25% | View data |
| 2 | 2 Austria | 323.9 | 2023 | +0.65% | +0.47% | View data |
| 3 | 3 Belgium | 35.2 | 2023 | +0.86% | +0.7% | View data |
| 4 | 4 Portugal | 12.8 | 2023 | -4.48% | -4.6% | View data |
| 5 | 5 Luxembourg | 3.7 | 2023 | +2.78% | +4.99% | View data |
| 6 | 6 Estonia | 2.9 | 2023 | +3.57% | +1.44% | View data |
| 7 | 7 Slovenia | 1.2 | 2023 | 0% | +1.76% | View data |
