In 2023, Italy led European R&D expenditure in Agriculture, Forestry, and Fishing with €441.62 million, followed by Sweden with €199.73 million. Portugal displayed significant growth of 24.2% compared to 2022, while Slovakia and Belgium faced declines of 2.46% and 3.18%, respectively. Italy and Malta also experienced noteworthy growth rates of 21.62% and 14.65%, respectively. Over the last five years, a modest upward trend is indicated by a compound annual growth rate, suggesting a steady focus on agricultural innovation and advancement across these countries.
Future trends to watch involve technological implementations like precision farming and sustainable agriculture driving further R&D investments. Countries like Italy and Portugal are expected to continue enhancing R&D budgets, while others may follow suit to remain competitive in innovation and sustainability efforts within the sector.
Top countries in Business Expenditure on R&D in Agriculture, Forestry and Fishing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 441.62 | 2023 | +10.41% | +21.62% | View data |
| 2 | 2 Sweden | 199.73 | 2023 | +11.87% | View data | |
| 3 | 3 Spain | 151.46 | 2021 | View data | ||
| 4 | 4 Belgium | 96 | 2023 | +7.92% | -3.18% | View data |
| 5 | 5 Portugal | 63.39 | 2023 | +16.42% | +24.2% | View data |
| 6 | 6 Poland | 61.98 | 2023 | +14.96% | +11.06% | View data |
| 7 | 7 Hungary | 58.52 | 2021 | View data | ||
| 8 | 8 Finland | 35.27 | 2023 | +4.82% | +4.35% | View data |
| 9 | 9 Czech Republic | 23.18 | 2023 | +11.65% | +5.03% | View data |
| 10 | 10 Bosnia and Herzegovina | 1.2 | 2021 | View data |
