Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Luxembourg
Luxembourg: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 386.33 Million euro in 2024. ▼ Falling
Latest (2024)
386.33 Million euro
Change on year
down 3.9%
World rank
42nd
of 52 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 386.33 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024.
That represents a change of down 3.9% on the previous year and up 16.4% 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 52 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 Rev. 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 | 386.33 Million euro | -3.9% |
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 | 384.41 Million euro | 352.84 Million euro | 402.18 Million euro | 5 |
Countries ranked near Luxembourg
More economy & growth data for Luxembourg
- 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)
- Total reserves minus gold (current US$), annual growth rate 5.36 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.0271 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 3,990 current US$ per person (2025)
- General government final consumption expenditure (current US$) 12.98 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1985 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 29,226 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.22 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.1756 current LCU per US$ of GDP (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 386.33 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 52 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 16.4%. 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.
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