In 2023, Serbia led European countries in business expenditure on R&D in professional, scientific, and technical activities as a percentage of GDP, followed closely by Belgium and Poland. While Portugal exhibited a remarkable growth rate, topping the chart in year-on-year increase, the Czech Republic and Croatia maintained relatively stable rates, with little to negative growth. Conversely, Malta experienced a significant jump, and Italy saw marginal progress.
Looking ahead, European countries are likely to continue focusing on boosting R&D expenditures to foster innovation, driven by governmental and private sector incentives. Key future trends may include increased cross-border collaborations and investment in emerging technologies, promising to reshape the European R&D landscape.
Top countries in Business Expenditure on R&D in Professional, Scientific and Technical Activities; Administrative and Support Service Activities by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 0.29 | 2023 | +20.41% | +5.57% | View data |
| 2 | 2 Belgium | 0.27 | 2023 | +7.97% | +10.98% | View data |
| 3 | 3 Poland | 0.24 | 2023 | +4.72% | +5.13% | View data |
| 4 | 4 Portugal | 0.16 | 2023 | +13.57% | +19.96% | View data |
| 5 | 5 Spain | 0.14 | 2021 | View data | ||
| 6 | 6 Czech Republic | 0.13 | 2023 | -2.27% | -1.34% | View data |
| 7 | 7 Hungary | 0.12 | 2021 | View data | ||
| 8 | 8 Finland | 0.1 | 2023 | +2.97% | +2.04% | View data |
| 9 | 9 Italy | 0.059 | 2023 | +7.27% | +0.34% | View data |
| 10 | 10 Slovakia | 0.04 | 2023 | 0% | +2.71% | View data |
