In 2023, Sweden leads European Business Expenditure on R&D in Transportation and Storage, with a significant per capita investment of 31.47 euros, marking a remarkable 78.97% increase from the prior year. Belgium follows with 14.65 euros, experiencing a 19.33% growth. Finland invests 8.89 euros per capita, showing a substantial 37.15% increase. Italy and Portugal, with relatively low investments, demonstrate a contrasting growth, with Italy at 14.03% and Portugal showing a slight decrease of -2.44%. Malta shows minimal decline, while Poland exhibits robust growth at 28.64%. The Czech Republic experiences a modest increase of 3.89%.
Looking ahead, key trends to watch include potential shifts in investments as countries with burgeoning growth, like Poland, may increase their R&D expenditure. Continued emphasis on sustainable transportation and digitalization could drive further investment across Europe, with Sweden and Finland likely to maintain their strong performance in innovation. Additionally, initiatives to balance regional disparities might refocus funding towards emerging markets in Eastern Europe.
Top countries in Business Expenditure on R&D in Transportation and Storage by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 31.47 | 2023 | +22.13% | +78.97% | View data |
| 2 | 2 Belgium | 14.65 | 2023 | +16.15% | +19.33% | View data |
| 3 | 3 Finland | 8.89 | 2023 | +23.28% | +37.15% | View data |
| 4 | 4 Spain | 3.12 | 2021 | View data | ||
| 5 | 5 Italy | 1.17 | 2023 | +5.87% | +14.03% | View data |
| 6 | 6 Hungary | 1.03 | 2021 | View data | ||
| 7 | 7 Portugal | 1.01 | 2023 | +10.59% | -2.44% | View data |
| 8 | 8 Malta | 0.55 | 2023 | +25.11% | -0.036% | View data |
| 9 | 9 Poland | 0.23 | 2023 | +25.14% | +28.64% | View data |
| 10 | 10 Czech Republic | 0.14 | 2023 | -1.37% | +3.89% | View data |
