In 2023, Hungary led with 32.42% of high growth enterprises in scientific research and development, marking a substantial year-on-year increase of 16.84%. Italy followed with 26.8%, exhibiting a modest growth of 1.82%. The Czech Republic, Portugal, and Lithuania observed positive trends with growth rates of 2.62%, 4.66%, and 7.78%, respectively. Conversely, Norway saw a slight decline by 1.02%. Slovakia, Romania, Latvia, and Iceland experienced varying degrees of growth, with Latvia notably increasing by 31.95%.
Future trends to watch for include Hungary potentially strengthening its leading position, while Italy and Portugal maintain steady growth. Emerging markets like Latvia could see significant impacts due to considerable growth rates. Regular monitoring of country-level policies and investments in R&D will be crucial to understanding these dynamics.
Top countries in Number of High Growth Enterprises in Scientific Research and Development Activities Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 32.42 | 2023 | +10.11% | +16.84% | View data |
| 2 | 2 Italy | 26.8 | 2023 | 0% | +1.82% | View data |
| 3 | 3 Czech Republic | 10.92 | 2023 | +3.13% | +2.62% | View data |
| 4 | 4 Portugal | 8.93 | 2023 | +8% | +4.66% | View data |
| 5 | 5 Norway | 6.29 | 2023 | +5.56% | -1.02% | View data |
| 6 | 6 Lithuania | 5.29 | 2023 | +6.67% | +7.78% | View data |
| 7 | 7 Slovakia | 2.98 | 2023 | 0% | +2.38% | View data |
| 8 | 8 Romania | 1.65 | 2023 | +25% | +10.76% | View data |
| 9 | 9 Latvia | 1.32 | 2023 | +33.33% | +31.95% | View data |
| 10 | 10 Iceland | 1.32 | 2023 | 0% | +5.92% | View data |
