The 2023 data shows Germany leading in R&D budgets at €37.15 billion, followed by France and Italy at €24.56 billion and €13.33 billion, respectively. The Netherlands and Belgium are moderate players, with €7.68 billion and €4.91 billion dedicated to R&D. Smaller countries like Portugal, Luxembourg, Slovenia, Cyprus, and Malta have significantly lower R&D budgets. Year-on-year, Cyprus saw a remarkable 26.13% increase, while Belgium grew by 4.8%. Over the last five years, the average growth has been moderate across most countries.
Future trends indicate an increasing focus on R&D in Europe, especially in tech and sustainability sectors, prompted by global competition and policy initiatives. Watch for enhanced harmonization of tax incentive schemes to attract and retain international businesses in the R&D domain.
Top countries in Government Budgets for R&D and Tax Incentive Support for Business R&D by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37,150 | 2023 | +2.47% | +3.18% | View data |
| 2 | 2 France | 24,560 | 2023 | +1.09% | +1.9% | View data |
| 3 | 3 Italy | 13,330 | 2023 | +1.62% | +1.12% | View data |
| 4 | 4 Netherlands | 7,680 | 2023 | +1.79% | +3.1% | View data |
| 5 | 5 Belgium | 4,910 | 2023 | +3% | +4.8% | View data |
| 6 | 6 Portugal | 1,300 | 2023 | +2.21% | +3.56% | View data |
| 7 | 7 Luxembourg | 430.2 | 2023 | +4.06% | +3.79% | View data |
| 8 | 8 Slovenia | 292.8 | 2023 | +1.11% | +4.31% | View data |
| 9 | 9 Cyprus | 214.2 | 2023 | +18.15% | +26.13% | View data |
| 10 | 10 Malta | 34.7 | 2023 | +2.06% | +2.48% | View data |
