In 2023, Germany led the European production volumes of scientific R&D with 45.61 billion euros, showing a year-on-year growth of 2.48%. Italy followed with 22.1 billion euros, increasing by 0.87%. The Netherlands and Belgium exhibited moderate increases of 0.92% and 2.39%, respectively. Austria showed a substantial growth of 3.59%, while Finland experienced a decline of 0.34%. Greece, Slovenia, and Estonia recorded modest growth between 0.8% and 1.76%. Luxembourg saw a reduction of 1.3%. The Compound Annual Growth Rate (CAGR) over the last five years suggests steady long-term growth for most countries, except Finland and Luxembourg, which demonstrated growth challenges.
Future trends to watch include Germany and Austria's continued strong performance and the potential recovery of Finland and Luxembourg. Emerging technologies and increased EU funding could further bolster growth, especially in smaller countries like Slovenia and Estonia.
Top countries in Production Volumes of Scientific R&D by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45,610 | 2023 | +2.1% | +2.48% | View data |
| 2 | 2 Italy | 22,100 | 2023 | +0.78% | +0.87% | View data |
| 3 | 3 Netherlands | 5,180 | 2023 | +1.09% | +0.92% | View data |
| 4 | 4 Belgium | 4,370 | 2023 | +3.63% | +2.39% | View data |
| 5 | 5 Austria | 3,200 | 2023 | +3.14% | +3.59% | View data |
| 6 | 6 Finland | 2,140 | 2023 | 0% | -0.34% | View data |
| 7 | 7 Greece | 1,070 | 2023 | +0.58% | +0.8% | View data |
| 8 | 8 Slovenia | 640.77 | 2023 | +1.64% | +1.44% | View data |
| 9 | 9 Luxembourg | 458.68 | 2023 | -0.98% | -1.3% | View data |
| 10 | 10 Estonia | 266.9 | 2023 | +1.36% | +1.76% | View data |
