Forecast: R&D Expenditure in Egypt

The analysis of R&D expenditure in Egypt, expressed as a percentage of GDP, shows a steady increase from 0.64% in 2013 to 0.97% in 2023. The past two years exhibit year-on-year variations of 3.06% in 2022 and 2.74% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 7%. The forecast for the period leading up to 2028 suggests continued growth, albeit at a slower CAGR of 1.96%, with an overall growth rate of 10.2%.

Future trends to watch for include the potential impact of changing government policies, increased globalization, and emerging technologies on R&D funding and focus areas. Keeping an eye on private sector contributions and international collaborations will also be essential to understand broader R&D dynamics in the country.