In 2023, European business expenditure on R&D in Agriculture, Forestry, and Fishing showed varied trends. Hungary led with the highest spending relative to GDP. Sweden maintained stable investments, while Portugal and Italy recorded significant growth at 19.14% and 14.87% respectively. Conversely, Belgium decreased by 5.34%. Finland and Poland showed modest increases, whereas the Czech Republic, Malta, and Slovakia had minimal or no change. Bosnia and Herzegovina reported low investment levels.
Future trends to monitor include:
- The potential impact of EU agricultural policy changes on R&D funding allocation.
- Technological advancements driving investment shifts towards sustainable and precision agriculture.
- The influence of climate change on the prioritization of forestry and fishing R&D investments.
Top countries in Business Expenditure on R&D in Agriculture, Forestry and Fishing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 0.038 | 2021 | View data | ||
| 2 | 2 Sweden | 0.034 | 2023 | +6.25% | View data | |
| 3 | 3 Portugal | 0.024 | 2023 | +4.35% | +19.14% | View data |
| 4 | 4 Belgium | 0.019 | 2023 | +5.56% | -5.34% | View data |
| 5 | 5 Italy | 0.018 | 2023 | 0% | +14.87% | View data |
| 6 | 6 Finland | 0.014 | 2023 | +7.69% | +3.13% | View data |
| 7 | 7 Spain | 0.013 | 2021 | View data | ||
| 8 | 8 Poland | 0.011 | 2023 | +10% | +9.46% | View data |
| 9 | 9 Czech Republic | 0.01 | 2023 | +11.11% | +2.13% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.006 | 2021 | View data |
