In 2023, Serbia led Europe in per capita R&D spending in mining and quarrying, with a notable 29.08% year-on-year increase. Sweden maintained stable expenditure. Portugal saw a 6.14% rise, while Finland experienced a 10.47% decline. Italy surged with a significant 28.52% growth. Belgium's spending grew by 16.04%, Poland by 2.48%, but the Czech Republic decreased by 4.53%. The past five years showed diverse CAGR trends, highlighting differing national priorities and capabilities.
Future trends to watch for R&D in the sector include:
- Increasing digitalization and technology integration.
- Sustainable and environmentally friendly practices.
- Collaborative cross-country R&D initiatives.
- Impacts of regulatory changes on expenditure patterns.
Top countries in Business Expenditure on R&D in Mining and Quarrying by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 18.55 | 2023 | +8.67% | +29.08% | View data |
| 2 | 2 Sweden | 8.5 | 2023 | +18.22% | View data | |
| 3 | 3 Portugal | 1.66 | 2023 | +4.86% | +6.14% | View data |
| 4 | 4 Finland | 1.44 | 2023 | -5.01% | -10.47% | View data |
| 5 | 5 Italy | 1.25 | 2023 | +4.95% | +28.52% | View data |
| 6 | 6 Belgium | 0.69 | 2023 | +19.3% | +16.04% | View data |
| 7 | 7 Poland | 0.69 | 2023 | +3.63% | +2.48% | View data |
| 8 | 8 Hungary | 0.67 | 2021 | View data | ||
| 9 | 9 Spain | 0.48 | 2021 | View data | ||
| 10 | 10 Czech Republic | 0.14 | 2023 | -0.7% | -4.53% | View data |
