Indonesia's R&D expenditure has shown a consistent upward trend from 2013 to 2023, growing from 0.085% to 0.34% of GDP, reflecting a significant focus on innovation and development. Notably, over the past five years, the average annual growth rate (CAGR) has been approximately 8.37%. In the most recent years, the year-on-year growth rates were 6.19% in 2022 and 5.8% in 2023. The forecast anticipates this growth to continue, albeit at a slower CAGR of 3.79%, reaching 0.43% of GDP by 2028, indicating a projected total growth rate of 20.44% over five years.
Future trends to watch for include:
- Increasing alignment of R&D with digital transformation and sustainable technologies.
- Potential policy changes fostering innovation and international collaborations.
- A stronger emphasis on talent development to sustain R&D advancements.
