In 2024, Belgium leads in business expenditure on R&D in services as a percentage of GDP at 0.95%, followed by Finland at 0.7%, and Portugal at 0.64%. The Czech Republic and Poland trail close behind. The past year witnessed notable increases in Portugal (15.79%) and Slovakia (14.91%), highlighting growth momentum. Conversely, Spain, Hungary, and Croatia exhibit relatively low investment intensity, with Bosnia and Herzegovina significantly lagging. Over the past years, Belgium shows the highest growth at 11.01%, while Croatia remained stagnant, and moderate yearly increases were noted across other countries.
Future trends to monitor include a potential increase in R&D investment in emerging European countries as they seek to rejuvenate their service sectors through innovation. The integration of advanced technologies and digital transformation is likely to drive up expenditures, necessitating strategic alignment at both national and business levels to sustain competitive advantages.
Top countries in Business Expenditure on R&D in Services by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 0.95 | 2023 | +6.26% | +11.01% | View data |
| 2 | 2 Finland | 0.7 | 2023 | +4.46% | +7.38% | View data |
| 3 | 3 Portugal | 0.64 | 2023 | +11.5% | +15.79% | View data |
| 4 | 4 Czech Republic | 0.6 | 2023 | +7.9% | +8.21% | View data |
| 5 | 5 Poland | 0.59 | 2023 | +2.8% | +5.04% | View data |
| 6 | 6 Spain | 0.39 | 2021 | View data | ||
| 7 | 7 Hungary | 0.35 | 2021 | View data | ||
| 8 | 8 Croatia | 0.31 | 2023 | +8.1% | View data | |
| 9 | 9 Serbia | 0.3 | 2023 | +14.39% | +2.65% | View data |
| 10 | 10 Slovakia | 0.27 | 2023 | +9.24% | +14.91% | View data |
