In 2023, Sweden led Europe in R&D investment in Arts, Entertainment, and Recreation, spending 0.007% of GDP with zero year-on-year growth compared to 2022. Hungary followed with minor increases, albeit lower absolute expenditures than Sweden. Belgium, Portugal, and Croatia kept their investment at a steady 0.001%. Notably, Spain and Poland matched Belgium's spending level, signaling their interest in these sectors. Over the last five years, slow growth characterized the industry, as indicated by stagnant recent figures and subtle variances in strategy and economic conditions.
Future trends worth watching include increasing digitalization and technology-driven arts initiatives, which may prompt higher R&D allocations. Tracking shifts in cultural policy and consumer preferences across Europe could also impact expenditure patterns, potentially altering country-specific investments in R&D in these sectors.
Top countries in Business Expenditure on R&D in Arts, Entertainment and Recreation by Country
| # | 7 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.007 | 2023 | +40% | View data | |
| 2 | 2 Hungary | 0.003 | 2021 | View data | ||
| 3 | 3 Spain | 0.002 | 2021 | View data | ||
| 4 | 4 Belgium | 0.001 | 2023 | 0% | View data | |
| 5 | 5 Poland | 0.001 | 2021 | -50% | View data | |
| 6 | 6 Portugal | 0.001 | 2023 | 0% | 0% | View data |
| 7 | 7 Croatia | 0.001 | 2023 | 0% | View data |
