Between 2013 and 2023, Austria's scientific research and development output increased from €1.96 billion to €4.71 billion, signifying notable growth despite minor fluctuations. The period saw significant year-on-year variations, with the highest being a 31.86% rise in 2021, and a considerable 11.91% CAGR in 2023 compared to the last five years. By 2024, the output is predicted to reach €5.11 billion.
Future trends to watch for include:
- Potential fluctuations due to economic uncertainties.
- Continued government and private investment in R&D activities.
- Technological advancements propelling further growth in the sector.
