Forecast: Production of High (3-Digit Definition) R&D Intensive Activities in the US

The production in high R&D intensive activities in the US is projected to increase from 2024 to 2028, with values rising from $1.6564 trillion to $1.7796 trillion. Compared to 2023, the forecast for 2024 shows positive growth, maintaining a consistent upward trend annually. The year-on-year growth from 2024 to 2025 is expected at approximately 1.9%, from 2025 to 2026 at about 1.8%, from 2026 to 2027 at around 1.8%, and from 2027 to 2028 at about 1.7%. The Compound Annual Growth Rate (CAGR) for this period reflects a solid 1.8% average increase per year, indicative of a steady expansion.

Future trends to watch for comprise:

  • Increases in technological innovations driving higher R&D expenditure.
  • Policy shifts impacting R&D investment and incentives.
  • Global competitive dynamics potentially affecting US output levels.
  • Economic factors such as inflation and interest rates influencing investment in R&D activities.

Top Countries about Research And Development