The 2023 actual data shows Italy leading in European government expenditure on R&D in industrial production and technology at 363.52 million euros, with Spain following at 179.68 million euros. Austria, Greece, and Slovakia have moderate expenditure levels, and Lithuania and Ireland significantly lower. Year-on-year variations indicate Spain and Slovakia experienced the highest growth, with 3.68% and 5.65% respectively, while Ireland showed no change. Over the past five years, compound growth has been modest, reflecting a steady but slow increase in investment in R&D across these countries.
Future trends to watch include increased allocation towards digitalization and green technologies, driven by European policy shifts and global market competition. Higher investments may concentrate on sustainable innovations, particularly in countries currently demonstrating significant growth rates like Slovakia and Spain.
Top countries in Government Expenditure on R&D in Industrial Production and Technology by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 363.52 | 2023 | +4.55% | +1.66% | View data |
| 2 | 2 Spain | 179.68 | 2023 | +1.29% | +3.68% | View data |
| 3 | 3 Austria | 51.67 | 2023 | +4.94% | +1.72% | View data |
| 4 | 4 Greece | 27.43 | 2023 | +5.78% | +3.18% | View data |
| 5 | 5 Slovakia | 18.79 | 2023 | +3.07% | +5.65% | View data |
| 6 | 6 Lithuania | 3.02 | 2023 | +27.53% | +2.55% | View data |
| 7 | 7 Ireland | 0.038 | 2023 | -5% | View data |
