In 2023, Germany led European production of high- and medium-high R&D intensive activities at €1.4474 trillion, reflecting a slight year-on-year growth of 0.94%. Belgium and Slovakia followed with €0.12569 trillion and €0.05889 trillion respectively, showing increases of 2.01% and 2.81%. Slovenia and Greece had more modest outputs of €0.0173 trillion and €0.01086 trillion, with Slovenia up by 1.92% and Greece slightly down by 0.39%. The five-year CAGR suggests significant growth potential, particularly for Slovakia and Belgium.
Future trends to watch include:
- The potential impact of digitalization and AI on R&D processes.
- Innovation policies in the European Union encouraging increased R&D investments.
- Potential geopolitical factors influencing supply chains and R&D investments.
Top countries in Production of High- and Medium-High (3-Digit Definition) R&D Intensive Activities by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,447,400 | 2023 | +1.43% | +0.94% | View data |
| 2 | 2 Belgium | 125,690 | 2023 | +1.57% | +2.01% | View data |
| 3 | 3 Slovakia | 58,890 | 2023 | +2.46% | +2.81% | View data |
| 4 | 4 Slovenia | 17,300 | 2023 | +2.19% | +1.92% | View data |
| 5 | 5 Greece | 10,860 | 2023 | +0.08% | -0.39% | View data |
