In 2023, Malta leads European business expenditure on R&D in Administrative and Support Services relative to GDP. Belgium saw a significant rise with a 6.72% increase year-on-year, while Finland's expenditure grew by 14.87%, and Portugal also experienced growth at 8.45%. Other countries such as Sweden, Poland, and Italy remained unchanged in their R&D spend as a percentage of GDP. This points to variable commitment levels across countries, with some, like Malta, maintaining high R&D intensity.
Future trends to observe include further investments by countries like Belgium and Finland, which are showing substantial growth. Monitoring political and economic factors will be crucial to understanding shifts in R&D expenditure within the Administrative and Support Services sector across Europe.
Top countries in Business Expenditure on R&D in Administrative and Support Services by Country
| # | 9 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malta | 0.083 | 2023 | +48.21% | View data | |
| 2 | 2 Belgium | 0.018 | 2023 | +5.88% | +6.72% | View data |
| 3 | 3 Spain | 0.009 | 2021 | View data | ||
| 4 | 4 Sweden | 0.008 | 2023 | 0% | View data | |
| 5 | 5 Hungary | 0.008 | 2021 | View data | ||
| 6 | 6 Finland | 0.006 | 2023 | 0% | +14.87% | View data |
| 7 | 7 Portugal | 0.003 | 2023 | 0% | +8.45% | View data |
| 8 | 8 Poland | 0.001 | 2023 | 0% | 0% | View data |
| 9 | 9 Italy | 0.001 | 2023 | 0% | 0% | View data |
