In 2023, Germany led European countries with a substantial 6.24 billion euros in R&D expenditure in computer programming, consultancy, and related activities, showing a significant year-on-year growth of 13.42%. Italy, Spain, and Portugal followed, with Italy and Spain experiencing moderate growth of 4.68% and 11.11%, respectively. Noteworthy is the rapid growth in smaller economies like Slovakia, Lithuania, and Latvia, with year-on-year increases of 24.03%, 30.24%, and 29.89%, respectively. Slovenia demonstrated modest growth at 6.29%, while Finland saw a 6.53% increase.
Future trends to watch include:
- Continued investment growth in established tech economies like Germany, which continues to anchor Europe’s R&D in this sector.
- Rising significance of smaller nations with doubledigit growth rates, indicating burgeoning tech hubs.
- Potential shifts in investment patterns driven by innovations, regulatory changes, and digital transformation initiatives across Europe.
Top countries in Business Enterprise R&D Expenditure in Computer Programming, Consultancy and Related Activities by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,240 | 2023 | +10.12% | +13.42% | View data |
| 2 | 2 Italy | 1,380 | 2023 | +10.05% | +4.68% | View data |
| 3 | 3 Spain | 1,300 | 2023 | +10.99% | +11.11% | View data |
| 4 | 4 Finland | 647.48 | 2023 | +5.14% | +6.53% | View data |
| 5 | 5 Portugal | 349.77 | 2023 | +6.45% | +14.01% | View data |
| 6 | 6 Slovakia | 154.63 | 2023 | +9.69% | +24.03% | View data |
| 7 | 7 Lithuania | 71.8 | 2023 | +17.84% | +30.24% | View data |
| 8 | 8 Slovenia | 45.33 | 2023 | +3.06% | +6.29% | View data |
| 9 | 9 Latvia | 9.1 | 2023 | +9.28% | +29.89% | View data |
