The output of Scientific Research and Development in Spain stood at 10.92 billion euros in 2023. Forecasted data suggest a steady annual increase from 2024 to 2028, with the value reaching 14.47 billion euros in 2028. This represents consistent year-on-year growth of approximately 6.19% from 2024 to 2025, 5.75% from 2025 to 2026, 5.35% from 2026 to 2027, and 5.08% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be around 5.77%.
Future trends to watch include the potential for increased public and private investment in R&D, innovation in key sectors like biotechnology and information technology, and the impact of European Union funding programs. Observing these factors will be crucial for understanding the trajectory of scientific research and development output in Spain.
