In 2023, the employees in the Scientific Research and Development Sector in Belgium were engaged for 24.23 million hours. From 2024 onwards, there is a steady increase in this metric, with forecasts showing 25.4 million hours in 2024, indicating a growth of 4.8%. For 2025, the hours increase to 26.53 million representing a 4.5% rise year-on-year. By 2026, this further escalates to 27.61 million hours, a 4.1% increase. In 2027, the forecasted value is 28.63 million hours, showing a 3.8% rise, and for 2028, the estimate reaches 29.6 million hours, up by 3.4%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 4.1%, indicating a sustained yearly growth in employee hours.
Future trends to watch for include technological advancements, government policies supporting R&D, and global economic conditions. Monitoring these factors will provide insights into potential accelerations or decelerations in the sector's growth.
