In 2023, Belgium led European business expenditure on R&D in construction as a percentage of GDP, followed by Portugal, while Finland and Slovakia recorded the lowest investments. Year-on-year variation highlights notable growth in Portugal at 14.87% and Belgium at 9.57%, contrasting with declines in the Czech Republic and Italy. Finland saw the most significant decrease at -36.9%, indicative of diminishing investment focus. Over the past five years, growth has been inconsistent, with some countries experiencing stagnation or minimal increments.
Future trends to watch include a potential increase in green construction technologies and digitalization investments across Europe. Collaboration among EU countries could enhance innovation diffusion, leveraging cross-border expertise in sustainable construction practices.
Top countries in Business Expenditure on R&D in Construction by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 0.03 | 2023 | +3.45% | +9.57% | View data |
| 2 | 2 Portugal | 0.014 | 2023 | +16.67% | +14.87% | View data |
| 3 | 3 Spain | 0.012 | 2021 | View data | ||
| 4 | 4 Sweden | 0.012 | 2023 | 0% | +3.71% | View data |
| 5 | 5 Hungary | 0.011 | 2021 | View data | ||
| 6 | 6 Croatia | 0.01 | 2023 | +42.86% | View data | |
| 7 | 7 Czech Republic | 0.009 | 2023 | 0% | -2.09% | View data |
| 8 | 8 Poland | 0.007 | 2023 | +16.67% | +6.96% | View data |
| 9 | 9 Malta | 0.004 | 2023 | 0% | View data | |
| 10 | 10 Italy | 0.003 | 2023 | 0% | -5.59% | View data |
