The Government Environmental R&D Budget in Türkiye (Turkey) has experienced significant fluctuations over the past decade. The budget saw its peak in 2015 with a considerable increase of 106.52% year-on-year. However, this was followed by a sharp decline in subsequent years. Notably, the budget hit a low point in 2021 with a substantial reduction of 63.75%. For the year 2023, the budget stood at 0.59 units, showing a decrease compared to the previous year by 9.23%. Over the last five years, the compound annual growth rate (CAGR) has indicated a declining trend of -7.47%. Looking ahead, the forecasted data for 2028 shows a continuous downward trajectory with an anticipated 5-year CAGR of -10.17% and an overall growth rate decline of -41.51%.
Key future trends to watch for:
- Potential governmental shifts in R&D funding priorities due to economic, political, or environmental factors.
- Impact of international climate agreements and commitments on national R&D budgets.
- Emerging technologies in environmental research that might require renewed investment and funding adjustments.
