In 2023, Germany had the highest R&D expenditure in the manufacture of fabricated metal products in Europe, maintaining a substantial lead over other countries. Italy and Spain also presented significant investments, while countries like Estonia and Lithuania experienced notable year-on-year growth rates, hinting at burgeoning activity. Conversely, Finland and Slovenia saw reductions in their R&D spending. The Compounded Annual Growth Rate (CAGR) over the past five years indicates Germany, Portugal, and Estonia as leading with positive growth trends.
Future trends to watch include:
- Differentiation in investment patterns, with Eastern European countries potentially increasing their R&D share.
- The potential impact of technological advancements and green initiatives on R&D spending, especially in Germany.
- Monitoring how economic conditions and EU policies influence future R&D investments across other European nations.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 57.88 | 2023 | +2.07% | +3.28% | View data |
| 2 | 2 Italy | 25.88 | 2023 | +8.38% | +0.74% | View data |
| 3 | 3 Spain | 8.85 | 2023 | +6.56% | +3.52% | View data |
| 4 | 4 Portugal | 2.92 | 2023 | +5.91% | +11.91% | View data |
| 5 | 5 Finland | 2.53 | 2023 | +0.85% | -3.2% | View data |
| 6 | 6 Slovakia | 0.79 | 2023 | +5% | +3.56% | View data |
| 7 | 7 Slovenia | 0.51 | 2023 | -6.2% | -5.33% | View data |
| 8 | 8 Estonia | 0.37 | 2023 | +25.44% | +47.9% | View data |
| 9 | 9 Lithuania | 0.22 | 2023 | +36.91% | +16.9% | View data |
| 10 | 10 Latvia | 0.055 | 2023 | +21.34% | +13.9% | View data |
