In 2023, Germany led the European production of medium-high R&D intensive activities with 62.01 million euros, followed by Spain with 11.05 million euros and the Netherlands with 9.36 million euros. Among other countries, Austria, Belgium, and Finland also demonstrated significant contributions. Year-on-year trends showed the highest growth in Luxembourg at 4.54%, followed by Slovakia at 3.84%, and Estonia at 3.38%. Over the last five years, the compounded annual growth rate (CAGR) highlights subtle but steady growth across these European markets, reflecting an overall positive trajectory in R&D investments.
Future trends indicate a potential increase in collaboration across European countries to boost R&D activities. Increased funding, policy support, and technological advancements are likely to accelerate growth in R&D sectors. Watch for emerging markets like Slovakia and Estonia, which are showing rapid year-on-year growth, indicating an upward trajectory in the medium-high R&D intensive activities across Europe.
Top countries in Production of Medium-High (2-Digit Definition) R&D Intensive Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62.01 | 2023 | +1.77% | +1.32% | View data |
| 2 | 2 Spain | 11.05 | 2023 | +1.71% | +1.52% | View data |
| 3 | 3 Netherlands | 9.36 | 2023 | +2.63% | +2.3% | View data |
| 4 | 4 Austria | 4.98 | 2023 | +2.33% | +2.16% | View data |
| 5 | 5 Belgium | 4.44 | 2023 | +1.16% | +1.25% | View data |
| 6 | 6 Finland | 2.8 | 2023 | +2.18% | +2.08% | View data |
| 7 | 7 Slovakia | 2.71 | 2023 | +3.35% | +3.84% | View data |
| 8 | 8 Luxembourg | 1.3 | 2023 | +4.76% | +4.54% | View data |
| 9 | 9 Slovenia | 0.67 | 2023 | +2.6% | +2.43% | View data |
| 10 | 10 Greece | 0.44 | 2023 | +1.08% | +1.72% | View data |
