The European Total Intramural Expenditure on R&D showcases varied investment levels among countries. In 2023, Germany led the investments significantly with 61.1 million euros, reflecting its robust R&D ecosystem. Italy and Spain followed with expenditures of 13.82 and 9.99 million euros, respectively. Emerging R&D players included Lithuania and Estonia, each with notable growth rates in 2023 but lower total values.
Key year-on-year growth trends for 2023 include:
- Germany: 2.7% growth, maintaining its leadership position.
- Italy: 1.41% steady increase.
- Spain: Strong growth at 5.53%.
- Austria and Ireland: 2.96% and 7.02% increases, respectively.
- Notable growth in Portugal (9.41%), Greece (5.74%), and smaller economies like Lithuania (9.66%) and Estonia (10.06%).
Over the last 5 years, smaller economies show potential for accelerated growth, reflected in higher CAGRs. Future trends to watch include increased R&D spending driven by digital transformation, green technologies, and artificial intelligence, fostering investment in smaller and developing European markets.
Top countries in Total Intramural Expenditure on R&D in All Sectors Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 61.1 | 2023 | +2.91% | +2.7% | View data |
| 2 | 2 Italy | 13.82 | 2023 | +2.01% | +1.41% | View data |
| 3 | 3 Spain | 9.99 | 2023 | +6.2% | +5.53% | View data |
| 4 | 4 Austria | 7.04 | 2023 | +2.82% | +2.96% | View data |
| 5 | 5 Ireland | 2.73 | 2023 | +4.81% | +7.02% | View data |
| 6 | 6 Portugal | 2.22 | 2023 | +9.16% | +9.41% | View data |
| 7 | 7 Greece | 1.48 | 2023 | +4.48% | +5.74% | View data |
| 8 | 8 Slovakia | 0.43 | 2023 | +1.16% | +2.3% | View data |
| 9 | 9 Luxembourg | 0.4 | 2023 | +1.99% | +2.35% | View data |
| 10 | 10 Lithuania | 0.35 | 2023 | +4.01% | +9.66% | View data |
