In 2023, the Gross Domestic Expenditure on R&D in the US stood at approximately 183.0 million US Dollars PPP, Constant. The forecasted data shows a consistent upward trajectory from 2024, beginning with 190.41 million and reaching 218.68 million by 2028. This progression reflects a year-on-year growth of approximately 3.94% in 2025 and an average compound annual growth rate (CAGR) of about 3.52% over five years from 2024 to 2028.
Future trends to watch for:
- Investment in emerging technologies such as AI, biotechnology, and renewable energy.
- Government funding changes impacting R&D allocations.
- Collaboration between private sector companies and research institutions.
