In 2023, Belgium led European business expenditure on R&D in manufacturing, with 776.97 euros per capita, closely followed by Sweden and Finland. Countries like Italy, Czech Republic, and Portugal demonstrated moderate engagement, while nations such as Spain, Slovakia, and Poland depicted lower investments in R&D. Noteworthy variations include Belgium's 6.46% growth, a 4.49% increase in Finland, and a significant 10.65% rise in Portugal, indicating ascending investment trends, whereas Sweden experienced a 2.55% decline. Over the past five years, a mixed CAGR suggests varying rates of R&D investment growth across these countries.
Future trends to watch include the impact of digital transformation, green manufacturing practices, and increased collaborative R&D efforts across the EU that may alter expenditure priorities. Technological advancements and policy shifts towards sustainable industrial practices are expected to influence further investments in the manufacturing sector.
Top countries in Business Expenditure on R&D in Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 776.97 | 2023 | +4.32% | +6.46% | View data |
| 2 | 2 Sweden | 726.62 | 2023 | -0.25% | -2.55% | View data |
| 3 | 3 Finland | 661.33 | 2023 | +3.72% | +4.49% | View data |
| 4 | 4 Italy | 211.14 | 2023 | +2.55% | +1.88% | View data |
| 5 | 5 Czech Republic | 178.21 | 2023 | +4.75% | +3.79% | View data |
| 6 | 6 Hungary | 127.91 | 2021 | View data | ||
| 7 | 7 Portugal | 107.42 | 2023 | +9.31% | +10.65% | View data |
| 8 | 8 Spain | 93.21 | 2021 | View data | ||
| 9 | 9 Slovakia | 62.55 | 2023 | +10.54% | +3.1% | View data |
| 10 | 10 Poland | 54.11 | 2023 | +4.94% | +4.53% | View data |
