The European Value Added of high- and medium-high R&D intensive activities in 2023 positioned Germany significantly ahead with 598.76 billion euros, indicating its strong industry presence. Following were Spain and the Netherlands with substantial values of 77.24 billion and 71.68 billion euros, respectively. Growth in 2023 saw Slovakia leading in percentage with 4.78%, while Estonia and Belgium also experienced notable growth at 3.5% and 2.68%. Over the recent years, countries such as Germany and Finland showed modest growth rates below 2%.
Future trends to watch include the digital transformation and automation, which may drive increases in value-added activities within the technological and digital sectors across Europe. There is potential growth in Eastern European countries due to lower starting bases and increased investment in R&D activities. Sustainability and green technology sectors may also become influential in shaping R&D strategies, contributing to higher value-added activities in the coming years.
Top countries in Value Added of High- and Medium-High (2-Digit Definition) R&D Intensive Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 598,760 | 2023 | +2.03% | +1.79% | View data |
| 2 | 2 Spain | 77,240 | 2023 | +1.48% | +1.33% | View data |
| 3 | 3 Netherlands | 71,680 | 2023 | +2.11% | +1.92% | View data |
| 4 | 4 Belgium | 44,570 | 2023 | +2.09% | +2.68% | View data |
| 5 | 5 Austria | 43,820 | 2023 | +2.31% | +2.35% | View data |
| 6 | 6 Finland | 27,810 | 2023 | +1.36% | +1.44% | View data |
| 7 | 7 Slovakia | 12,590 | 2023 | +3.19% | +4.78% | View data |
| 8 | 8 Slovenia | 6,190 | 2023 | +2.46% | +2.42% | View data |
| 9 | 9 Greece | 5,790 | 2023 | +0.96% | +1.93% | View data |
| 10 | 10 Luxembourg | 3,780 | 2023 | +2.92% | +2.29% | View data |
