The country ranked number 7 in 2023, Portugal came ahead €430.2 Million. France, Italy and the Netherlands respectively were numbers 2, 3 and 4 in this ranking.
How does Luxembourg rank in Government Budgets for R&D and Tax Incentive Support for Business R&D?
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37,150 | 2023 | +2.47% | +3.18% | View data |
| 2 | 2 France | 24,560 | 2023 | +1.09% | +1.9% | View data |
| 3 | 3 Italy | 13,330 | 2023 | +1.62% | +1.12% | View data |
| 4 | 4 Netherlands | 7,680 | 2023 | +1.79% | +3.1% | View data |
| 5 | 5 Belgium | 4,910 | 2023 | +3% | +4.8% | View data |
| 6 | 6 Portugal | 1,300 | 2023 | +2.21% | +3.56% | View data |
| 7 | 7 Luxembourg | 430.2 | 2023 | +4.06% | +3.79% | |
| 8 | 8 Slovenia | 292.8 | 2023 | +1.11% | +4.31% | View data |
| 9 | 9 Cyprus | 214.2 | 2023 | +18.15% | +26.13% | View data |
