The R&D expenditure in Argentina from 2013 to 2023 experienced varying degrees of fluctuation. Starting at 0.62% of GDP in 2013, it saw periodic declines and recoveries, ultimately stabilizing around 0.52% in 2023. Noteworthy trends include significant drops in 2014, 2016, and especially in 2018, but a notable recovery in 2020 with a 13.26% year-on-year increase. The overall CAGR for the last five years indicates a modest growth at 1.21% by 2023.
Future trends to watch for:
- From 2024 to 2028, the forecast suggests a stable R&D expenditure holding steady at around 0.53% of GDP.
- The anticipated CAGR for the next 5 years is relatively low at 0.28%, indicating restrained growth in R&D investment.
