{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"be-rd-expenditure-business-funded","url":"https://apiardata.com/statistics/be-rd-expenditure-business-funded","html_url":"https://apiardata.com/statistics/be-rd-expenditure-business-funded/","title":"Belgium Business-Funded R&D Expenditure (2023)","description":"Belgium's Business-Funded R&D Expenditure: 2 % of GDP in 2023, -0.3pp vs 2021. Eurostat (RD_E_GERDFUND), 2000–2023.","domain":"papers","category":"AI & Research","keywords":["AI & Research","Eurostat","Belgium","2023"],"publisher":"Eurostat","frequency":"Annual","geography":"Belgium","temporal_coverage":"2000/2023","unit":"% of GDP","last_updated":"2026-07-26","last_updated_text":"26 July 2026","data_as_of":"2023","variable_measured":"Belgium Business-Funded R&D Expenditure","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/RD_E_GERDFUND/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2023"},{"label":"Observations","value":"19"},{"label":"Geography","value":"Belgium"},{"label":"Last updated","value":"26 July 2026"}],"kpis":[{"label":"Belgium (2023)","value":"2","unit":"% of GDP","trend":{"direction":"down","value":"-0.3pp vs 2021"}},{"label":"Change vs. prior observation","value":"-0.3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"19","unit":"years of data"}],"series":[{"key":"value","label":"Belgium Business-Funded R&D Expenditure"}],"observation_count":19,"observations":[{"period":"2000","value":1.21},{"period":"2001","value":1.29},{"period":"2002","value":1.13},{"period":"2003","value":1.11},{"period":"2004","value":1.1},{"period":"2005","value":1.07},{"period":"2006","value":1.11},{"period":"2007","value":1.14},{"period":"2008","value":1.18},{"period":"2009","value":1.17},{"period":"2010","value":1.19},{"period":"2011","value":1.3},{"period":"2012","value":1.38},{"period":"2013","value":1.41},{"period":"2015","value":1.43},{"period":"2017","value":1.7},{"period":"2019","value":2.03},{"period":"2021","value":2.19},{"period":"2023","value":1.95}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"Change"}],"rows":[{"year":"2023","value":"1.9","yoyChange":"-0.3pp"},{"year":"2021","value":"2.2","yoyChange":"+0.2pp"},{"year":"2019","value":"2.0","yoyChange":"+0.3pp"},{"year":"2017","value":"1.7","yoyChange":"+0.3pp"},{"year":"2015","value":"1.4","yoyChange":"unchanged"},{"year":"2013","value":"1.4","yoyChange":"unchanged"},{"year":"2012","value":"1.4","yoyChange":"+0.1pp"},{"year":"2011","value":"1.3","yoyChange":"+0.1pp"},{"year":"2010","value":"1.2","yoyChange":"unchanged"},{"year":"2009","value":"1.2","yoyChange":"unchanged"},{"year":"2008","value":"1.2","yoyChange":"+0.1pp"},{"year":"2007","value":"1.1","yoyChange":"unchanged"},{"year":"2006","value":"1.1","yoyChange":"unchanged"},{"year":"2005","value":"1.1","yoyChange":"unchanged"},{"year":"2004","value":"1.1","yoyChange":"unchanged"},{"year":"2003","value":"1.1","yoyChange":"unchanged"},{"year":"2002","value":"1.1","yoyChange":"-0.2pp"},{"year":"2001","value":"1.3","yoyChange":"+0.1pp"},{"year":"2000","value":"1.2","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks R&D expenditure funded by the business enterprise sector as a share of GDP in Belgium from 2000 to present. Business-funded R&D reflects private sector innovation investment and the depth of industry-driven research. It is published by Eurostat and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2023. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2000–2023 (19 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 2.2 % of GDP in 2021 and reached its lowest recorded value of 1.1 in 2005. The latest reading of 2 in 2023 represents a change of -0.3pp."}]}