In 2023, the highest business R&D expenditure in fabricated metal products manufacturing in Europe as a percentage of GDP was in Finland, followed by Italy and Sweden. Countries like Slovakia and Serbia recorded a stark -100% variation, indicating a complete halt or reallocation of R&D investments. Portugal showed significant growth with a year-on-year increase of 10.76%, hinting at its growing emphasis on R&D. Growth in Finland, Italy, and Sweden remains moderate. Over the past five years, the compound annual growth rate suggests a stable, albeit slow increase in R&D expenditure within the EU, except in countries with declining or stagnant trends.
Future trends to watch include:
- Potential shifts in R&D priorities towards sustainable and innovative technologies influenced by green policies.
- Increasing collaboration across European nations to share technological advances.
- Continued investment in automation and smart manufacturing systems to boost productivity and efficiency in this sector.
- Fluctuating expenditure influenced by geopolitical developments and economic policies impacting resource allocation in manufacturing R&D.
Top countries in Business Expenditure on R&D in Fabricated Metal Products Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 0.07 | 2023 | +2.94% | +1.49% | View data |
| 2 | 2 Italy | 0.054 | 2023 | 0% | +3.26% | View data |
| 3 | 3 Sweden | 0.051 | 2023 | +8.51% | +2.31% | View data |
| 4 | 4 Belgium | 0.041 | 2021 | -2.38% | +11.3% | View data |
| 5 | 5 Czech Republic | 0.041 | 2023 | +2.5% | +2.07% | View data |
| 6 | 6 Poland | 0.035 | 2023 | +6.06% | +1.81% | View data |
| 7 | 7 Portugal | 0.025 | 2023 | +8.7% | +10.76% | View data |
| 8 | 8 Croatia | 0.015 | 2023 | +7.14% | View data | |
| 9 | 9 Hungary | 0.014 | 2021 | View data | ||
| 10 | 10 Spain | 0.014 | 2021 | View data |
