In 2023, Belgium led European R&D expenditure in computer programming and consultancy with 1.94 billion Euros. It showed significant growth, increasing by 17.38% from the previous year. Poland followed closely with 1.77 billion Euros, growing by 22.69%. Italy and Sweden also invested over 1 billion Euros, with Italy recording a growth of 2.94% while Sweden's expenditure remained constant. Other noteworthy growths included Finland’s 9.35% and the Czech Republic’s 15.75%. Smaller economies like Serbia saw remarkable year-on-year growth of 68.34%, despite lower absolute expenditure. From a five-year perspective, the CAGR has consistently shown steady growth across most countries.
Looking ahead, several trends may influence European R&D expenditure in this sector:
- Increasing integration of AI and digital technologies could drive higher investments across countries.
- Eastern European countries may see accelerated growth due to lower baseline levels and rising tech talent.
- Evolving EU tech regulations and funding initiatives could significantly impact expenditure patterns.
- Sustainability and green tech advancements might also redirect R&D priorities.
Top countries in Business Expenditure on R&D in Computer Programming and Consultancy by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 1,940 | 2023 | +12.5% | +17.38% | View data |
| 2 | 2 Poland | 1,770 | 2023 | +16.52% | +22.69% | View data |
| 3 | 3 Italy | 1,140 | 2023 | +4.78% | +2.94% | View data |
| 4 | 4 Sweden | 1,030 | 2023 | +6.55% | View data | |
| 5 | 5 Finland | 956.38 | 2023 | +8.06% | +9.35% | View data |
| 6 | 6 Czech Republic | 919.04 | 2023 | +14.06% | +15.75% | View data |
| 7 | 7 Spain | 868.08 | 2021 | View data | ||
| 8 | 8 Portugal | 289.76 | 2023 | +8.79% | +14.48% | View data |
| 9 | 9 Hungary | 140 | 2021 | View data | ||
| 10 | 10 Croatia | 121.27 | 2023 | +6.66% | View data |
