In 2023, Finland led European R&D expenditure in electrical equipment and electronics manufacturing relative to GDP, although it experienced a slight decrease. Portugal showed significant growth, while Czech Republic and Italy also expanded their R&D investments. Conversely, Sweden experienced a notable decline. Looking at historical data over a five-year period, these countries have seen varied CAGR, indicating diverse investment trajectories.
Future trends to watch include the potential recovery or further decline in Sweden’s R&D spending, continued investment from countries like Portugal and Italy, and the impact of technological advancements and economic shifts on R&D expenditure across Europe.
Top countries in Business Expenditure on R&D in Electrical Equipment and Electronics Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 0.089 | 2023 | -4.3% | -2.3% | View data |
| 2 | 2 Czech Republic | 0.047 | 2023 | 0% | +0.87% | View data |
| 3 | 3 Hungary | 0.033 | 2021 | View data | ||
| 4 | 4 Portugal | 0.033 | 2023 | +10% | +11.67% | View data |
| 5 | 5 Slovakia | 0.032 | 2023 | +6.67% | -6.17% | View data |
| 6 | 6 Belgium | 0.031 | 2023 | -3.13% | -5.89% | View data |
| 7 | 7 Italy | 0.029 | 2023 | 0% | +5.68% | View data |
| 8 | 8 Spain | 0.023 | 2021 | View data | ||
| 9 | 9 Poland | 0.021 | 2023 | 0% | -1.8% | View data |
| 10 | 10 Croatia | 0.015 | 2023 | +7.14% | View data |
