The business expenditure on R&D in the business services sector in Poland has displayed significant fluctuations over the past decade, ranging from 0.21% of GDP in 2014 to 0.61% in 2023. Between 2014 and 2019, there was consistent growth, with a notable peak in 2016 at 72.22% year-on-year growth. From 2020 onwards, growth rates stabilized, with a 5.56% year-on-year increase in 2023. The compounded annual growth rate (CAGR) for the past five years was 7.58%, indicating steady yet moderate growth as the sector matured.
Future trends to watch include a forecasted slight deceleration in growth, with a CAGR of 3.34% projected for the next five years. This suggests a normalized expansion rate as the market matures. Other trends to monitor include the potential impact of technological advancements, government policies aimed at boosting R&D investments, and disruptions from global economic conditions that could affect budget allocations in the business services sector.
