In 2023, Portugal led European countries in R&D expenditure on wood and wood products manufacturing, amounting to 0.011% of GDP. Italy and Finland followed with similar expenditure levels. Significant growth in R&D was noted in 2023, especially in Belgium, which saw a remarkable 24.57% increase. Portugal and Italy experienced double-digit growth at 12.89% and 14.87%, respectively, while Poland and Finland had moderate upward trends. Sweden and Croatia reported no growth.
The forecast for 2024 suggests continued investment with potential diversification in emerging green technologies, enhanced sustainability measures, and increased cross-border collaborations to boost R&D efforts across Europe.
Top countries in Business Expenditure on R&D in Wood and Wood Products Manufacturing by Country
| # | 8 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 0.011 | 2023 | +10% | +12.89% | View data |
| 2 | 2 Italy | 0.006 | 2023 | 0% | +14.87% | View data |
| 3 | 3 Finland | 0.005 | 2023 | 0% | +4.56% | View data |
| 4 | 4 Croatia | 0.005 | 2023 | +25% | View data | |
| 5 | 5 Poland | 0.004 | 2023 | 0% | +5.92% | View data |
| 6 | 6 Belgium | 0.003 | 2023 | 0% | +24.57% | View data |
| 7 | 7 Spain | 0.002 | 2021 | View data | ||
| 8 | 8 Sweden | 0.001 | 2023 | 0% | View data |
