The analysis of European labor costs in scientific R&D reveals France leading with €41.81 million, despite a modest growth of 1.98% in 2023. Germany's costs stand at €27.4 million with a higher growth at 3.09%. Italy, the Netherlands, and Spain have lower values (€12.24 million, €5.37 million, €4.2 million respectively) with slightly varied growth rates around 1.8% to 2.58%. Belgium, Austria, and Greece demonstrate notable annual increases, signifying strong investment pushes. Smaller markets like Lithuania and Estonia have the highest growth rates albeit from lower bases.
Looking ahead, continued emphasis on scientific R&D across Europe is expected, with larger economies likely maintaining dominance while smaller countries may leverage their rapid growth to enhance their R&D capabilities. Monitoring these dynamics offers insight into future European competitiveness and innovation.
Top countries in Labour Costs in Scientific R&D Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 41.81 | 2023 | +1.74% | +1.98% | View data |
| 2 | 2 Germany | 27.4 | 2023 | +2.82% | +3.09% | View data |
| 3 | 3 Italy | 12.24 | 2023 | +1.39% | +1.79% | View data |
| 4 | 4 Netherlands | 5.37 | 2023 | +2.43% | +2.58% | View data |
| 5 | 5 Spain | 4.2 | 2023 | +1.77% | +1.81% | View data |
| 6 | 6 Belgium | 2.2 | 2023 | +2.81% | +3.61% | View data |
| 7 | 7 Austria | 2.09 | 2023 | +2.87% | +3.35% | View data |
| 8 | 8 Finland | 1.63 | 2023 | +1.06% | +0.84% | View data |
| 9 | 9 Ireland | 0.87 | 2023 | +3.21% | +2.57% | View data |
| 10 | 10 Greece | 0.66 | 2023 | +2.2% | +4.23% | View data |
