According to Eurostat, the EU’s statistics office, the European Union spent an estimated €403.1 billion on research & development (R&D) in 2024, indicating a 3.6% increase from 2023 (€389.2 billion). Compared with 2014, R&D expenditure grew by 62.2% from €248.6 billion, showing a steady rise in the last decade.
https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20251204-2