In 2023, Italy's government expenditure on R&D stood at approximately 4.72 billion USD PPP. The forecasted data shows a gradual increase in government R&D spending from 2024 to 2028, starting at 4.77 billion USD and reaching 4.96 billion USD. The year-on-year growth rates are steady at around 1-1.2%, while the compound annual growth rate (CAGR) over this five-year period is projected at approximately 1.0%.
Future trends to watch for include:
- Policies enhancing public-private collaboration in R&D.
- Impact of EU funding programs on national expenditure.
- Increasing emphasis on technology and sustainable development sectors.
- Changes in geopolitical situations affecting budget allocations.
