In 2023, France led European government-financed business expenditure on R&D with 2.92 billion euros, followed by Germany at 2.28 billion. There was significant variation among countries, with smaller economies like Malta investing minimally. Year-on-year growth was particularly notable in Cyprus (47.31%) and Estonia (13.41%), while countries like Italy and Ireland faced declines.
Looking ahead, future trends to watch include the potential for Eastern European countries to increase their R&D investments as they continue to develop economically. Additionally, the ongoing digital transformation and green initiatives across Europe may drive further growth in R&D financing.
Top countries in Government-Financed Business Enterprise Expenditure on R&D by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,920 | 2023 | +0.034% | +0.57% | View data |
| 2 | 2 Germany | 2,280 | 2023 | -0.19% | +0.38% | View data |
| 3 | 3 Netherlands | 909.5 | 2023 | +4.09% | +5.17% | View data |
| 4 | 4 Spain | 875.3 | 2023 | +1.24% | +2.81% | View data |
| 5 | 5 Italy | 690.8 | 2023 | -0.91% | -2.58% | View data |
| 6 | 6 Belgium | 448.3 | 2023 | +2.26% | +5.37% | View data |
| 7 | 7 Austria | 319.4 | 2023 | +0.73% | +0.87% | View data |
| 8 | 8 Finland | 178.8 | 2023 | +1.59% | +8.65% | View data |
| 9 | 9 Ireland | 126.5 | 2023 | +1.93% | -0.22% | View data |
| 10 | 10 Slovenia | 55.4 | 2023 | +1.47% | +6.26% | View data |
