In 2023, Serbia led European countries in business R&D expenditure in natural sciences and engineering with 0.33% of GDP. Poland followed at 0.21%, showing a 3.5% annual increase. Portugal's commitment grew significantly by 22.34% year-on-year. Conversely, Czech Republic and Malta witnessed a decline in R&D expenditure by 2.37% and 100% respectively.
Future trends to watch:
- Potential increased emphasis on sustainable and digital technologies influencing R&D spending patterns.
- Renewed focus on innovation policies may drive cross-border research collaborations.
- Economic factors, such as inflation or political stability, may affect R&D investment levels.
Top countries in Business Expenditure on R&D in Research and Experimental Development on Natural Sciences and Engineering by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 0.33 | 2023 | +24.24% | +6.29% | View data |
| 2 | 2 Poland | 0.21 | 2023 | +2.44% | +3.5% | View data |
| 3 | 3 Czech Republic | 0.11 | 2023 | -2.65% | -2.37% | View data |
| 4 | 4 Spain | 0.075 | 2021 | View data | ||
| 5 | 5 Slovakia | 0.067 | 2023 | +26.42% | +35.29% | View data |
| 6 | 6 Portugal | 0.056 | 2023 | +16.67% | +22.34% | View data |
| 7 | 7 Italy | 0.036 | 2023 | -5.26% | View data | |
| 8 | 8 Belgium | 0.011 | 2021 | +37.5% | View data | |
| 9 | 9 Bosnia and Herzegovina | 0.004 | 2021 | View data | ||
| 10 | 10 Malta | 0.001 | 2023 | -100% | -100% | View data |
