The output of scientific research and development in Denmark has shown consistent growth over the last decade. In 2023, the output was valued at 47.16 billion Danish Krones. From 2013 to 2018, the value increased from 20.98 billion to 39.15 billion, with notable year-on-year fluctuations, peaking with a 60.52% increase in 2016. After 2018, the growth rate stabilized, with year-on-year variations averaging around 3-4%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 stands at 3.79%. Future forecasts indicate a steady but moderate growth with a CAGR of 2.32% over the next five years, reaching 54.63 billion by 2028.
Future trends to watch for:
- Increased emphasis on innovation and technological advancements.
- Potential government policies and funding supporting research and development.
- Integration of sustainable practices within research activities.
- Influence of global scientific collaboration and partnerships.
