In 2023, business enterprise expenditure on R&D in high and medium-high R&D intensive industries stood at 268,330 trillion USD (PPP, Constant). Forecast data shows a progressive increase in spending from 273,450 trillion in 2024 to 293,610 trillion in 2028. Over this period, the year-on-year percentage increase is approximately 1.87% to 1.72%, indicating a steady rise in investment. The compound annual growth rate (CAGR) for these five years is around 1.85%, reflecting consistent growth in R&D investment.
Future trends to watch include the impact of emerging technologies and innovative advancements in sectors such as AI, biotechnology, and renewable energy. Additionally, changes in government policies and global economic dynamics could further influence R&D expenditure trends.
