The R&D budget for Industry and Knowledge in Spain showed a fluctuating yet generally upward trend from 2013 to 2023. The year-on-year variations highlight swings, with notable increases in 2014 and 2017 contrasted by declines in 2015 and 2018. Standing at a Unit of Total Government Support of 50.55 in 2023, the annual compound average growth rate (CAGR) over the last five years until 2023 is 0.49%, indicating modest growth.
Looking forward, forecasted data from 2024 to 2028 suggest a continuation of this modest growth trend, with a five-year CAGR projected at 0.23%. Future trends to watch for include changes in government policy, economic factors influencing public funding, and shifts in industry demand for research and development support.
