Denmark's scientific research and development output stood at 56 billion Danish Krones in 2023. The forecasted data from 2024 to 2028 shows a year-on-year increase: 3.8% in 2024, 4.7% in 2025, 4.5% in 2026, 4.2% in 2027, and 4.0% in 2028. Over the last two years, the output has seen an average growth rate of 4.3% annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 4.24%, signaling a steady increase in scientific research and development activities in Denmark.
Future trends to watch for include advancements in biotechnology, renewable energy research, and sustainable development initiatives. Additionally, increased government funding and partnerships with private industries could drive further growth in this sector.
