In 2023, the Gross Domestic Expenditure on R&D in the US was measured at 950 billion USD PPP. Forecasts indicate a steady increase over the next five years with values reaching 1.0182 trillion USD PPP in 2024, 1.0875 trillion USD PPP in 2025, 1.1562 trillion USD PPP in 2026, 1.2241 trillion USD PPP in 2027, and 1.2914 trillion USD PPP in 2028.
The year-on-year variations show an average growth rate with a compound annual growth rate (CAGR) of approximately 6.3% from 2024 to 2028. Such consistent growth underscores a commitment to expanding R&D investments.
Trends to Watch for:
- Increased funding in technology and innovation sectors.
- Government policies supporting R&D incentives and grants.
- Private sector investments and collaborations in cutting-edge research domains.
- Impact of economic fluctuations on R&D funding allocations.
