The 2023 data reveals that Sweden leads in European business expenditure on R&D in ICT per capita at €417.61, followed by Finland and Belgium. The year saw significant shifts, with Serbia experiencing a massive 55.67% increase. Sweden also showed strong growth at 19.02%. Other notable increases were seen in Poland and the Czech Republic. This consistent upward trend highlights a regional emphasis on ICT innovation, particularly in northern and central Europe.
Future trends indicate a continued emphasis on digital transformation, with increases focused on AI, fintech development, and green technology initiatives. Countries lagging may prioritize investment to stay competitive.
Top countries in Business Expenditure on R&D in ICT by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 417.61 | 2023 | +6.73% | +19.02% | View data |
| 2 | 2 Finland | 232.4 | 2023 | +4.87% | +10.79% | View data |
| 3 | 3 Belgium | 218.99 | 2023 | +11.06% | +14.75% | View data |
| 4 | 4 Switzerland | 103.44 | 2023 | +3.36% | +4.28% | View data |
| 5 | 5 Czech Republic | 99.54 | 2023 | +13.58% | +15.03% | View data |
| 6 | 6 Portugal | 62.81 | 2023 | +5.9% | +10.05% | View data |
| 7 | 7 Malta | 61.61 | 2023 | +3.51% | +2.19% | View data |
| 8 | 8 Poland | 55.8 | 2023 | +13.19% | +16.72% | View data |
| 9 | 9 Italy | 37.98 | 2023 | +5.11% | +2.34% | View data |
| 10 | 10 Croatia | 31.62 | 2023 | +6.65% | View data |
