Analyzing the forecasted data:
- 2024: 3.46% of GDP
- 2025: 3.48% of GDP
- 2026: 3.51% of GDP
- 2027: 3.53% of GDP
- 2028: 3.56% of GDP
Year-on-year variation percentages:
- From 2024 to 2025: 0.58%
- From 2025 to 2026: 0.86%
- From 2026 to 2027: 0.57%
- From 2027 to 2028: 0.85%
Over the last 5 years, the Compound Annual Growth Rate (CAGR) is approximately 0.72%.
As R&D expenditure as a percentage of GDP continues to increment steadily, monitor advancements in high-tech industries, academic research funding, and government policies promoting innovation. These factors will significantly influence future growth trends.
