EU decade of growth: research and development investment increased by almost 50% to US$128 billion

Over the past decade, public investment in research and development (R&D) within European Union (EU) countries has risen by 49.2%, reaching €117.368 (US$128) billion in 2022, up from €78.656 billion in 2012, according to data from Eurostat.

This 2022 investment accounts for 0.74% of the EU’s GDP for the year, a 5.4% increase from the €111.393 billion allocated in 2021.

On average, EU governments dedicated €262 per inhabitant to R&D projects in 2022, a growth from €178.5 per person in 2012.

Among the countries, Luxembourg (€661), Denmark (€529), and Germany (€517) invested the most per capita, while Romania (€17), Bulgaria (€27), and Latvia (€49) invested the least.

In Spain, investment was below the EU average at €167.6 per inhabitant in 2022, an increase of 26.9% from €132.1 in 2012.

Universities received the majority of R&D funds in 2022, accounting for 35.5% of the budget.

Industrial production and technology projects took 10.2%, health received 8.3%, and the aerospace sector obtained 5.9% of the total community investment in R&D.

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