In 2023, Germany led European R&D expenditure in Professional, Scientific, and Technical Activities with 6.4 billion Euros, followed by Spain at 2.73 billion. Significant growth was evident in countries like Estonia and Slovakia, witnessing impressive year-on-year increases of 23.4% and 17.88%, respectively. Conversely, Latvia experienced a decline of 1.65%. The five-year CAGR reveals positive trends, underscoring robust growth potential particularly in emerging markets like Lithuania and Portugal, each showing double-digit advances.
Future trends to watch for include technological advancements, increased government support for innovation, and shifts in policy fostering cross-border R&D collaborations. These factors are likely to influence expenditure patterns across Europe, emphasizing sustainability and digital transformation in the professional and scientific sectors.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific and Technical Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,400 | 2023 | +3.44% | +2.81% | View data |
| 2 | 2 Spain | 2,730 | 2023 | +1.1% | +1.96% | View data |
| 3 | 3 Italy | 1,730 | 2023 | +5.87% | +2.11% | View data |
| 4 | 4 Finland | 645.06 | 2023 | +3.06% | +4.8% | View data |
| 5 | 5 Portugal | 539.59 | 2023 | +13.13% | +17.56% | View data |
| 6 | 6 Slovenia | 122.4 | 2023 | +1.08% | +1.28% | View data |
| 7 | 7 Lithuania | 122.04 | 2023 | +10.18% | +17.69% | View data |
| 8 | 8 Slovakia | 97.7 | 2023 | +7.55% | +17.88% | View data |
| 9 | 9 Estonia | 45.49 | 2023 | +4.81% | +23.4% | View data |
| 10 | 10 Latvia | 8.95 | 2023 | -3.01% | -1.65% | View data |
