In 2023, the higher education expenditure on R&D in Egypt stood at an actual value of $6.9 billion (Billion US Dollars PPP, Constant). Forecasted data for 2024 to 2028 show a steady year-on-year increase with values of $7.12 billion in 2024, $7.35 billion in 2025, $7.57 billion in 2026, $7.79 billion in 2027, and finally reaching $8.0 billion in 2028. The data indicate a robust upward trend.
Comparing the yearly growth percentages over the last two years:
- 2024: 3.19% increase from 2023
- 2025: 3.23% increase from 2024
- 2026: 2.99% increase from 2025
- 2027: 2.91% increase from 2026
- 2028: 2.70% increase from 2027
The compound annual growth rate (CAGR) over the forecasted period (2023-2028) is approximately 2.94% annually, showcasing a stable rise in investment in higher education R&D over the next five years.
The future trends to watch for include potential impacts of global economic conditions, government policies on education and research funding, technological advancements, and the role of international collaborations in driving further investment in R&D within Egypt's higher education sector.
