Euro Area R&D Expenditure
2.3%▲ +0.04 pt
Dec 2023 · Annual
Euro area research and development expenditure rose to 2.29% of GDP in 2023, up from 2.25% in 2022. The reading remains just below the all-time high of 2.30% recorded in 2020. The series dates back to 1996.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.3% | 2.3% | 2.3%Dec 2020 | 1.7%Dec 1997 | 1996 – 2023 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| ICT Goods Exports | 4.2% | 4.3% | 9.8% | 4.2% | Dec 2024 | Annual |
| High-Tech Exports | 21.3% | 19.9% | 21.3% | 15.4% | Dec 2024 | Annual |
About this series
R&D Expenditure in Euro Area averaged 2.0% from 1996 until 2023, reaching an all-time high of 2.3% in Dec 2020 and a record low of 1.7% in Dec 1997. The series is reported yearly with history from 1996.
Research and development expenditure as a percentage of GDP measures the share of gross domestic product spent on R&D activities, including both public and private investment. The indicator is reported annually and covers the euro area from 1996 to 2023.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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