As of 2023, Germany leads European R&D expenditure in professional services with 6.56 billion euros, marking a 3.12% increase. Spain follows with 2.88 billion euros, increasing by 2.63%. Italy, at 1.98 billion euros, saw a 3.33% rise. Finland's expenditure reached 0.65962 billion euros, with a 4.81% growth. Lithuania and Estonia experienced significant increases, with Lithuania at 0.11846 billion euros (+16.16%) and Estonia at 0.04614 billion euros (+22.54%). Latvia, however, faced a decline of 4.43%, at 0.00781 billion euros.
Future trends to monitor include:
- Innovation policies impacting financing and support for R&D.
- Technological advancements increasing R&D demand.
- Cross-border collaborations and investments bolstering regional spending.
Top countries in Business Enterprise R&D Expenditure in Professional, Scientific, Technical, Administrative and Support Service Activities by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,560 | 2023 | +3.84% | +3.12% | View data |
| 2 | 2 Spain | 2,880 | 2023 | +1.46% | +2.63% | View data |
| 3 | 3 Italy | 1,980 | 2023 | +8% | +3.33% | View data |
| 4 | 4 Finland | 659.62 | 2023 | +2.97% | +4.81% | View data |
| 5 | 5 Lithuania | 118.46 | 2023 | +6.95% | +16.16% | View data |
| 6 | 6 Estonia | 46.14 | 2023 | +4.82% | +22.54% | View data |
| 7 | 7 Latvia | 7.81 | 2023 | -4.43% | -4.43% | View data |
