Swedish companies' R&D investments increasing – still at the top in the EU

Swedish companies are increasingly investing in R&D. In 2023, the corporate sector's expenditure on its own R&D amounted to 166.1 billion Swedish kronor ($14.8 billion), an increase of 14.4 billion kronor or 9.4% compared to 2021 (in constant prices).

The investments corresponded to 2.68% of gross domestic product (GDP) and this places Sweden at the top among European Union (EU) countries in terms of business research intensity, according to a posting on the website of the country’s pharma trade group Lif.

With the exception of 2021, Swedish companies have been the most R&D-intensive in the EU over the past decade.