5 Most Innovative Economies in Europe

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In this article, we will look into the 5 most innovative economies in Europe. If you want to read our detailed analysis, you can go directly to the 12 Most Innovative Economies in Europe.

5. Austria

R&D Expenditure as a Percentage of GDP (2021): 3.25%

High Technology Exports (2021): $31.3 billion

Digital Adoption Index (2016): 0.862

Insider Monkey Score: 1.8

Austria is placed 5th on our list of the most innovative economies in Europe. The country reported a DAI of 0.862 in 2016. In 2021, the country spent 3.25% of its GDP on R&D. The high technology exports of the country were $31.3 billion in 2021.

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