The European landscape for business expenditure on R&D in computer programming and consultancy reveals significant disparities among countries. Belgium, leading with 0.38% of GDP, shows robust growth, with a 14.75% increase in 2023, indicative of a strong technology focus. The Czech Republic and Poland highlight rapid expansion with notable growth figures of 11.32% and 17.03% respectively. In contrast, growth in Croatia, Malta, and Sweden remains stagnant, while Serbia's 69.52% surge marks it as a rising player. Over the last five years, consistent investments suggest convergence across European countries with varying levels of tech maturity.
Future trends to watch include:
- Potential alignment in growth rates between emerging markets like Serbia with more established ones such as Belgium.
- An increased emphasis on technology-driven sectors across Europe, potentially boosting R&D expenditure further.
- Impact of evolving EU policies on technological investments and collaborations.
Top countries in Business Expenditure on R&D in Computer Programming and Consultancy by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 0.38 | 2023 | +10.26% | +14.75% | View data |
| 2 | 2 Czech Republic | 0.36 | 2023 | +10.46% | +11.32% | View data |
| 3 | 3 Finland | 0.35 | 2023 | +5.39% | +6.08% | View data |
| 4 | 4 Poland | 0.28 | 2023 | +12.85% | +17.03% | View data |
| 5 | 5 Croatia | 0.22 | 2023 | +6.34% | View data | |
| 6 | 6 Malta | 0.2 | 2023 | +0.5% | +0.2% | View data |
| 7 | 7 Sweden | 0.18 | 2023 | +3.95% | View data | |
| 8 | 8 Portugal | 0.14 | 2023 | +10.24% | +14.22% | View data |
| 9 | 9 Slovakia | 0.11 | 2023 | +8.82% | +15.93% | View data |
| 10 | 10 Hungary | 0.091 | 2021 | View data |
