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# Euro Area R&D Expenditure

> Euro Area r&d expenditure is 2.3% as of Dec 2023, from 2.3%. History from 1996, source World Bank. Free API & MCP access.

R&D Expenditure in Euro Area rose to 2.3% in Dec 2023 from 2.3% in Dec 2022.

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.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 2.3% | 2.3% | 2.3% (Dec 2020) | 1.7% (Dec 1997) | 1996–2023 | % of GDP | annual |

## FAQ

**What is Euro Area's r&d expenditure right now?**

R&D Expenditure in Euro Area is 2.3% as of Dec 2023.

**What are the historical extremes for Euro Area's r&d expenditure?**

The all-time high is 2.3% (Dec 2020); the record low is 1.7% (Dec 1997), over a series starting in 1996.

**How often is this series updated?**

R&D Expenditure for Euro Area is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=euro-area&indicator=rd-expenditure-pct-gdp`.
Back to [Euro Area economy](/euro-area.md).