The Total Government Research and Development Expenditure in Brazil has shown overall steady growth from 2013 to 2023, increasing from 1.2% to 1.35% of GDP. While there were noticeable fluctuations, particularly with a decrease in 2016, the trend resumed a positive trajectory from 2018 onwards. The year-on-year variation has seen a gradual deceleration over time, notably reducing to 0.85% by 2023. The CAGR for the past five years up to 2023 averaged 0.9%, indicating moderate growth.
Looking ahead, the forecast suggests continued growth albeit at a slower pace, with the CAGR projected to be 0.61% through 2028. The expenditure is expected to reach 1.4% of GDP by 2028, reflecting a 3.1% increase over the five-year period.
