In 2023, Italy leads European business expenditure in R&D for computer, electronic, and optical products manufacturing at 1.69 billion Euros, followed by Finland at 1.37 billion Euros. Belgium and Sweden contribute 0.62 and 0.31 billion Euros, respectively, while countries like Bosnia and Herzegovina and Malta participate minimally.
Year-on-year analysis shows a significant increase in Serbia's R&D expenditure by over 155% in 2023, while countries like Poland and Portugal exhibit strong growth at around 5.67% and 7.73% respectively. Malta saw a decline at -2.02%.
Looking forward, it is crucial to observe shifts in funding allocation, particularly in emerging sectors like AI and sustainable technologies, as these innovations may drive increased R&D investment across Europe. Watch for increased collaboration among European countries to enhance competitiveness and technological advancement.
Top countries in Business Expenditure on R&D in Computer, Electronic and Optical Products Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,690 | 2023 | +0.43% | +0.53% | View data |
| 2 | 2 Finland | 1,370 | 2023 | -1.54% | +1.46% | View data |
| 3 | 3 Belgium | 622.76 | 2023 | +5.1% | +4.54% | View data |
| 4 | 4 Sweden | 308.07 | 2021 | -30.59% | View data | |
| 5 | 5 Czech Republic | 237.24 | 2023 | +5.44% | +5.33% | View data |
| 6 | 6 Spain | 148 | 2021 | View data | ||
| 7 | 7 Poland | 144.09 | 2023 | +5.17% | +5.67% | View data |
| 8 | 8 Portugal | 79.33 | 2023 | +3.26% | +7.73% | View data |
| 9 | 9 Hungary | 32.64 | 2021 | View data | ||
| 10 | 10 Slovakia | 22.97 | 2023 | +4.12% | +1.99% | View data |
