The 2023 data indicates that Germany leads European government expenditure on R&D with €65.77 million, prominently surpassing Italy at €13.38 million and Spain at €11.44 million. The past year showed significant growth in Estonia at 6.14%, followed by Greece with 5.16%, and Germany registering a 5.45% increase. However, Luxembourg displayed a stagnant growth with a minimal rise of 0.68%.
Key future trends to watch include potential increased allocations in R&D by smaller countries aiming to boost innovation. The stability in Luxembourg might signal a strategic pivot, or perhaps other factors restraining budget expansion. Countries with a surge in R&D funding, like Estonia and Greece, might continue this trajectory, aiming for technological advancements and economic competitiveness.
Top countries in Government Expenditure on R&D in All Sectors Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65.77 | 2023 | +5.17% | +5.45% | View data |
| 2 | 2 Italy | 13.38 | 2023 | +1.85% | +3.62% | View data |
| 3 | 3 Spain | 11.44 | 2023 | +4.95% | +5.03% | View data |
| 4 | 4 Austria | 3.88 | 2023 | +4.62% | +5.09% | View data |
| 5 | 5 Greece | 2.23 | 2023 | +3.53% | +5.16% | View data |
| 6 | 6 Luxembourg | 0.68 | 2023 | +1.57% | +0.68% | View data |
| 7 | 7 Slovakia | 0.63 | 2023 | +2.07% | +2.2% | View data |
| 8 | 8 Ireland | 0.61 | 2023 | +1% | +1.71% | View data |
| 9 | 9 Portugal | 0.61 | 2023 | +0.61% | +3.18% | View data |
| 10 | 10 Lithuania | 0.38 | 2023 | +3.65% | +2.6% | View data |
