In 2023, France led the European output of scientific research and development with significant investments amounting to 53.7 million euros, marking a year-on-year growth of 1.95%. Germany followed with 37.53 million euros and a 4.27% increase. The Netherlands, Finland, Greece, Portugal, Slovenia, Slovakia, Lithuania, and Cyprus range from 3.97 million to 0.036 million euros, with notable variations, such as Lithuania's 9.71% and Cyprus's 13.73% growth. Over the last five years, the compound annual growth rate (CAGR) indicates steady increases, reflecting Europe's commitment to enhancing scientific research and development.
Future trends to watch for include:
- Increased funding in nations with smaller R&D shares, which could diversify growth sources.- Potential shifts in research priorities driven by global challenges such as climate change and health crises.- Enhanced collaborative efforts among European countries to leverage collective expertise and resources.- The development of advanced technologies potentially leading to new peaks in investment and output.
Top countries in Output of Scientific Research and Development Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 53.7 | 2023 | +1.82% | +1.95% | View data |
| 2 | 2 Germany | 37.53 | 2023 | +4.02% | +4.27% | View data |
| 3 | 3 Netherlands | 3.97 | 2023 | +1.07% | +1.08% | View data |
| 4 | 4 Finland | 1.98 | 2023 | +1.11% | +4% | View data |
| 5 | 5 Greece | 0.87 | 2023 | +1.17% | +2.72% | View data |
| 6 | 6 Portugal | 0.79 | 2023 | +3.09% | +3.64% | View data |
| 7 | 7 Slovenia | 0.61 | 2023 | +3.69% | +5.52% | View data |
| 8 | 8 Slovakia | 0.37 | 2023 | +2.85% | +2.21% | View data |
| 9 | 9 Lithuania | 0.16 | 2023 | +4.96% | +9.71% | View data |
| 10 | 10 Cyprus | 0.036 | 2023 | +9.95% | +13.73% | View data |
