In 2023, Germany led European R&D expenditure in the specified sectors with 190.46 million euros, reflecting a modest increase of 3.97% compared to the previous year. Spain and Italy followed, with moderate growth rates of 2.19% and 5.28% respectively. Finland experienced a higher growth of 6.2%, while Portugal showed a significant rise at 24.04%. Estonia and Lithuania showed substantial increases at 17.15% and 30.78% respectively despite having lower absolute values. These growth rates indicate a varied commitment to R&D across Europe.
Future trends to watch include a potential focus on sustainability and innovation, particularly in Northern and Western European countries where environmental regulations and renewable energy transitions drive increased R&D investment. Additionally, technology advancements in smart grids and waste management could lead to heightened expenditures, particularly in emerging economies within Europe.
Top countries in Business Enterprise R&D Expenditure in Electricity, Gas, Steam, Air Conditioning and Water Supply; Sewerage, Waste Management and Remediation Activities by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 190.46 | 2023 | +0.14% | +3.97% | View data |
| 2 | 2 Spain | 167.13 | 2023 | +0.072% | +2.19% | View data |
| 3 | 3 Italy | 147.18 | 2023 | +5.33% | +5.28% | View data |
| 4 | 4 Finland | 90.09 | 2023 | +4.15% | +6.2% | View data |
| 5 | 5 Portugal | 44.71 | 2023 | -0.57% | +24.04% | View data |
| 6 | 6 Estonia | 13.02 | 2023 | +5.55% | +17.15% | View data |
| 7 | 7 Lithuania | 0.64 | 2023 | -2.29% | +30.78% | View data |
