Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Luxembourg
Luxembourg: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 410.77 Million euro in 2024. ▼ Falling
Latest (2024)
410.77 Million euro
Change on year
up 2.1%
World rank
42nd
of 54 countries
All-time high
495 Million euro
in 2007
All-time low
310.4 Million euro
in 2012
Years of data
20
2005–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Luxembourg, 2005–2024
Source: Eurostat. Measured in Million euro.
Analysis
Luxembourg recorded 410.77 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024.
That represents a change of up 2.1% on the previous year and up 23.8% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Luxembourg peaked at 495 Million euro in 2007 and was at its lowest, 310.4 Million euro, in 2012.
Luxembourg ranks 42nd of 54 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Luxembourg, year by year
| Year | Million euro | Change |
|---|---|---|
| 2005 | 408 Million euro | — |
| 2006 | 485 Million euro | +18.9% |
| 2007 | 495 Million euro | +2.1% |
| 2008 | 482 Million euro | -2.6% |
| 2009 | 470.7 Million euro | -2.3% |
| 2010 | 400 Million euro | -15.0% |
| 2011 | 416.2 Million euro | +4.0% |
| 2012 | 310.4 Million euro | -25.4% |
| 2013 | 317.9 Million euro | +2.4% |
| 2014 | 331.9 Million euro | +4.4% |
| 2015 | 357.5 Million euro | +7.7% |
| 2016 | 395 Million euro | +10.5% |
| 2017 | 402 Million euro | +1.8% |
| 2018 | 375.1 Million euro | -6.7% |
| 2019 | 400.8 Million euro | +6.9% |
| 2020 | 352.84 Million euro | -12.0% |
| 2021 | 381.56 Million euro | +8.1% |
| 2022 | 399.12 Million euro | +4.6% |
| 2023 | 402.18 Million euro | +0.8% |
| 2024 | 410.77 Million euro | +2.1% |
Luxembourg compared with similar countries
- Luxembourg's 410.77 Million euro is below the median for Europe & Central Asia, which is 3,162 Million euro, 13% of the median. (35 countries reporting)
- Luxembourg's 410.77 Million euro is below the median for high income countries, which is 6,039 Million euro, 7% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 468.14 Million euro | 408 Million euro | 495 Million euro | 5 |
| 2010s | 370.68 Million euro | 310.4 Million euro | 416.2 Million euro | 10 |
| 2020s | 389.29 Million euro | 352.84 Million euro | 410.77 Million euro | 5 |
Countries ranked near Luxembourg
More economy & growth data for Luxembourg
- Real gdp growth, annual growth rate 262.63 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 3,041 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.1234 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0151 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 2,220 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.62 % change on previous year (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Luxembourg?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Luxembourg was 410.77 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 Luxembourg?
- The highest recorded value was 495 Million euro in 2007.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Luxembourg?
- The lowest recorded value was 310.4 Million euro in 2012.
- How does Luxembourg rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Luxembourg ranks 42nd out of 54 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Luxembourg?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is falling.
- Where does this Luxembourg 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.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Eurostat).