In 2023, Spain led European business R&D expenditure in administrative and support services, reaching 112.95 million euros, followed by Belgium at 86.84 million euros. Notable hikes were observed in Malta, with a 319.75% increase, and Finland, climbing 17.78%. Italy also reported a substantial increase of 13.78%. Other countries, such as Poland and Portugal, saw moderate increases of 18.03% and 4%, respectively, while Sweden had stable expenditures without growth. Serbia and the Czech Republic recorded minimal expenditures.
Future trends to watch include whether Malta can sustain its significant growth rate, how Spain will maintain its lead, and whether traditional R&D powerhouses like Sweden will increase their investment in this sector. Monitoring emerging economies like Poland could also offer insights into future spending patterns in the region.
Top countries in Business Expenditure on R&D in Administrative and Support Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 112.95 | 2021 | View data | ||
| 2 | 2 Belgium | 86.84 | 2023 | +9.94% | +8.15% | View data |
| 3 | 3 Sweden | 46.44 | 2023 | +5.47% | View data | |
| 4 | 4 Italy | 20.46 | 2023 | +33.78% | +13.78% | View data |
| 5 | 5 Finland | 13.82 | 2023 | +6.14% | +17.78% | View data |
| 6 | 6 Malta | 13.03 | 2023 | +47.46% | +319.75% | View data |
| 7 | 7 Hungary | 12.34 | 2021 | View data | ||
| 8 | 8 Poland | 6.1 | 2023 | +1.21% | +18.03% | View data |
| 9 | 9 Portugal | 6.09 | 2023 | +2.68% | +4% | View data |
| 10 | 10 Czech Republic | 0.21 | 2023 | -0.93% | +3.52% | View data |
