Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in European Union - 27 countries (from 2020)
European Union - 27 countries (from 2020): Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 268,215 Million euro in 2024. ▲ Rising
Latest (2024)
268,215 Million euro
Change on year
up 3.3%
Rank
2nd
of 4 regions
All-time high
268,215 Million euro
in 2024
All-time low
107,642 Million euro
in 2005
Years of data
20
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in European Union - 27 countries (from 2020), 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, business enterprise r&d expenditure in high-tech sectors by nace rev. in European Union - 27 countries (from 2020) stood at 268,215 Million euro. That is the highest value across all 20 years on record.
The figure is up 3.3% on the previous year and up 68.0% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in European Union - 27 countries (from 2020) peaked at 268,215 Million euro in 2024 and was at its lowest, 107,642 Million euro, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in European Union - 27 countries (from 2020), year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 107,642 Million euro | — |
| 2006 | 116,175 Million euro | +7.9% |
| 2007 | 123,196 Million euro | +6.0% |
| 2008 | 131,733 Million euro | +6.9% |
| 2009 | 129,093 Million euro | -2.0% |
| 2010 | 134,023 Million euro | +3.8% |
| 2011 | 144,108 Million euro | +7.5% |
| 2012 | 150,287 Million euro | +4.3% |
| 2013 | 154,210 Million euro | +2.6% |
| 2014 | 159,608 Million euro | +3.5% |
| 2015 | 167,263 Million euro | +4.8% |
| 2016 | 174,107 Million euro | +4.1% |
| 2017 | 186,690 Million euro | +7.2% |
| 2018 | 196,587 Million euro | +5.3% |
| 2019 | 207,890 Million euro | +5.7% |
| 2020 | 203,519 Million euro | -2.1% |
| 2021 | 218,320 Million euro | +7.3% |
| 2022 | 238,964 Million euro | +9.5% |
| 2023 | 259,525 Million euro | +8.6% |
| 2024 | 268,215 Million euro | +3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 121,568 Million euro | 107,642 Million euro | 131,733 Million euro | 5 |
| 2010s | 167,477 Million euro | 134,023 Million euro | 207,890 Million euro | 10 |
| 2020s | 237,709 Million euro | 203,519 Million euro | 268,215 Million euro | 5 |
Countries ranked near European Union - 27 countries (from 2020)
- 1 United States of America 693,045 Million euro compare
- 1 United States 693,045 Million euro compare
- 3 Japan 106,059 Million euro compare
- 4 Germany 92,509 Million euro compare
- 5 Korea 66,741 Million euro compare
- 5 South Korea 66,741 Million euro compare
More economy & growth data for European Union - 27 countries (from 2020)
- Gross domestic product (GDP) and Gross value added (GVA) in volume by 112.4 Index, 2020=100 (2024)
- Gross domestic product (GDP) at current market prices by NUTS 2 region 18.02 million Million euro (2024)
- Average annual population to calculate regional GDP data (thousand) 451,029 Thousand (2024)
- Gross domestic product (GDP) at current market prices by NUTS 3 region 18.02 million Million euro (2024)
- Gross value added at basic prices by NUTS 3 region 16.20 million Current prices, million euro (2024)
- Agricultural land prices by region 15,224 Euro per hectare (2024)
- Agricultural land renting prices for one year by region 295 Euro per hectare (2024)
- Farms and hectares by crops, utilised agricultural area, economic 155.11 million Hectare (2020)
- Irrigation of agricultural holdings by utilised agricultural area 155.11 million Hectare (2020)
- Gross value added and income by main industry (NACE Rev.2 ) 111.34 Chain linked volumes, index 2020=100 (2026)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in European Union - 27 countries (from 2020)?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in European Union - 27 countries (from 2020) was 268,215 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in European Union - 27 countries (from 2020)?
- The highest recorded value was 268,215 Million euro in 2024.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in European Union - 27 countries (from 2020)?
- The lowest recorded value was 107,642 Million euro in 2005.
- How does European Union - 27 countries (from 2020) rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- European Union - 27 countries (from 2020) ranks 2nd out of 4 regions with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in European Union - 27 countries (from 2020)?
- Over the last ten years it is up 68.0%. The long-run trend across the full record is rising.
- Where does this European Union - 27 countries (from 2020) data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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