Research and Development (R&D) expenditure in Denmark displayed a fluctuating trend between 2013 and 2023. The highest value was in 2016 at 3.09% of GDP, while the lowest was in 2021 at 2.81%. Over the last two years, R&D expenditure showed a marginal rise, with a year-on-year increase of 0.31% in 2022 and 0.28% in 2023. The five-year CAGR leading up to 2023 was -0.94%, reflecting a slight overall decline during this period.
The forecast for the upcoming years, from 2024 to 2028, indicates a modest but steady increase in R&D expenditure, reaching 2.86% of GDP by 2028. With a forecasted five-year CAGR of 0.16%, this gradual improvement suggests a more stable investment environment.
Future trends to watch for:
- Technological advancements and digital transformation driving R&D funding.
- Government policies and incentives aimed at boosting innovation.
- International collaborations and investments influencing local R&D dynamics.
