Based on the forecasted data, Thailand's government research and development (R&D) expenditure as a percentage of GDP is expected to gradually increase from 1.3% in 2024 to 1.49% in 2028. This indicates a consistent upward trend with an average annual growth rate (CAGR) over the five-year period.
Year-on-year variations show a steady increase, emphasizing the government's commitment to enhancing R&D investment. Specifically, the annual growth rates between consecutive years remain relatively modest but positive, ensuring sustained investment efforts.
Future trends to watch for include potential deviations due to economic fluctuations, policy changes, or unexpected global events. Additionally, monitoring sector-specific investments and the impact of technological advancements on R&D expenditure will be crucial for understanding the broader implications of this trend.
