In 2023, Germany led European higher education R&D spending with €62.11 million, showing strong growth at 3.79% year-on-year. Italy and Austria followed with €18.1 million and €8.98 million, growing by 2.35% and 3.7%, respectively. Greece displayed the highest growth rate at 5.06%, though from a smaller base of €2.32 million. Conversely, Ireland experienced a decline of 1.58%, reducing its expenditure share. Notably, Lithuania and Luxembourg achieved significant CAGR, suggesting robust investment momentum over the past five years.
Looking forward, increasing focus on digital transformation and sustainable technologies may continue driving R&D investments across Europe. Observing geopolitical factors, funding policy changes, and innovation trends will be crucial for understanding future expenditures.
Top countries in Higher Education Expenditure on R&D in All Sectors Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62.11 | 2023 | +3.49% | +3.79% | View data |
| 2 | 2 Italy | 18.1 | 2023 | +1.83% | +2.35% | View data |
| 3 | 3 Austria | 8.98 | 2023 | +3.02% | +3.7% | View data |
| 4 | 4 Portugal | 3.52 | 2023 | +2.13% | +1.71% | View data |
| 5 | 5 Greece | 2.32 | 2023 | +1.94% | +5.06% | View data |
| 6 | 6 Ireland | 2.25 | 2023 | +2.27% | -1.58% | View data |
| 7 | 7 Slovakia | 0.66 | 2023 | +2.83% | +5.13% | View data |
| 8 | 8 Lithuania | 0.65 | 2023 | +2.61% | +8.53% | View data |
| 9 | 9 Luxembourg | 0.57 | 2023 | +4.25% | +6.81% | View data |
| 10 | 10 Estonia | 0.55 | 2023 | +3.33% | +3.98% | View data |
