The R&D budget for security in Finland, expressed as a unit of GDP, shows fluctuations over the past decade. In 2023, the value stood at 0.018. Initial years from 2013 to 2016 displayed a downward trend, with significant cuts in 2015 and 2016. A phase of moderate growth resumed from 2017 with minor yearly increases.
Over the past two years, the budget experienced a slight recovery of 5.23% in 2023 after a decrease in 2022. The five-year CAGR from 2019 to 2023 stood at -2.22%. For the forecasted period (2024-2028), the CAGR is projected at 0.77%, indicating modest growth ahead, with an overall forecasted growth of 3.9% by 2028.
- After a period of decline, the R&D budget has stabilized with minor increases from 2017 onwards.
- The slight recovery in the past two years shows a positive trend looking forward.
- Modest growth is projected in the forecasted period, signaling cautious optimism.
Future trends to watch for include:
- The impact of global security threats, which could prompt increased allocations.
- Technological advancements that may require boosted R&D spending.
- Government policy changes or economic shifts that could affect budget allocations.
