The 2023 data highlighted Switzerland as the leader in R&D investment in basic metals manufacturing on a per capita basis in Europe, whereas Hungary, the Czech Republic, and Portugal had the lowest expenditures. Belgium and Slovakia showed significant increases, driven by proactive policies and increased market demand. Conversely, Switzerland witnessed a slight reduction in its R&D expenditure. Over five years, Slovakia's CAGR suggests consistent growth driven by increased industrial interest.
Future trends to watch include digital transformation in manufacturing processes, the development of sustainable practices, and policy shifts favoring technological innovation, potentially boosting R&D investments, particularly in countries with emerging industrial sectors.
Top countries in Business Expenditure on R&D in Basic Metals Manufacturing by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 35.02 | 2023 | +2.8% | -0.044% | View data |
| 2 | 2 Belgium | 25.73 | 2023 | +11.22% | +4.84% | View data |
| 3 | 3 Sweden | 10.97 | 2023 | +1.28% | +1.34% | View data |
| 4 | 4 Finland | 4.67 | 2023 | +4.52% | +0.42% | View data |
| 5 | 5 Italy | 3.51 | 2023 | +2.69% | +2.3% | View data |
| 6 | 6 Poland | 1.86 | 2023 | +13.18% | +2.46% | View data |
| 7 | 7 Slovakia | 1.5 | 2023 | +13.37% | +5.99% | View data |
| 8 | 8 Spain | 1.26 | 2021 | View data | ||
| 9 | 9 Portugal | 1.2 | 2023 | +3.18% | +0.84% | View data |
| 10 | 10 Czech Republic | 0.51 | 2023 | +8.55% | -1.1% | View data |
