In 2023, Italy and Switzerland led R&D expenditure in electronic components manufacturing within Europe, each spending 0.065% of GDP. Finland followed with 0.06%, while the Czech Republic spent 0.049%. Belgium, Malta, and Slovakia had decreasing or stagnant expenditure levels. Remarkably, Poland showed a significant growth of 9.86% year-on-year in 2023. Over the past five years, trends indicate varied commitment across countries, with Eastern European nations gradually increasing their R&D investments.
Future trends to watch include potential increased investment in innovation-driven countries, influenced by advancements in technology and European Union initiatives. Rising digitalization and automation may also drive a broader focus on R&D to sustain competitive advantage.
Top countries in Business Expenditure on R&D in Electronic Components Manufacturing by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 0.065 | 2023 | +4.84% | +4.56% | View data |
| 2 | 2 Switzerland | 0.065 | 2023 | +1.56% | +3.21% | View data |
| 3 | 3 Finland | 0.06 | 2023 | +5.26% | +2.9% | View data |
| 4 | 4 Czech Republic | 0.049 | 2023 | +11.36% | +1.72% | View data |
| 5 | 5 Belgium | 0.024 | 2023 | 0% | -3.04% | View data |
| 6 | 6 Malta | 0.018 | 2023 | 0% | -7.09% | View data |
| 7 | 7 Slovakia | 0.013 | 2023 | 0% | 0% | View data |
| 8 | 8 Poland | 0.008 | 2023 | 0% | +9.86% | View data |
| 9 | 9 Portugal | 0.008 | 2023 | 0% | +5.92% | View data |
| 10 | 10 Croatia | 0.004 | 2021 | View data |
