Innovation

Sweden leads the EU in R&D intensity

New Eurostat provisional data for 2023 shows which countries spend the largest share of their GDP on research and development (R&D). In 2023 it was highest in Sweden (3.6%) followed by Belgium and Austria (3.3%).

The EU average was 2.2% amounting to a total spending in monetary terms of €381.4 billion on R&D in 2023.

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