The government expenditure on R&D in the US is projected to rise from $70.95 billion in 2024 to $76.26 billion in 2028. Comparing to 2023, where the actual spending was approximately $69.6 billion, this represents a steady annual growth. Year-on-year increments are around 1.91% for 2025, 1.84% for 2026, 1.79% for 2027, and 1.75% for 2028, reflecting a consistent upward trend. The compound annual growth rate (CAGR) over this five-year period is approximately 1.8%.
Future trends to watch for:
- Potential policy changes impacting R&D budget allocations.
- Shifts in focus areas like AI and renewable energy.
- Adjustments due to economic fluctuations or political priorities.
