Forecast: Business-Financed Gross Domestic Expenditure on R&D in Egypt

The Forecast: Business-Financed Gross Domestic Expenditure on R&D in Egypt from 2024 to 2028 shows a consistent decline in the proportion of GDP allocated to R&D. In 2023, this expenditure was at 0.021% of GDP. Over the next five years, it decreases year-on-year, with notable declines between each forecasted year. Specifically, from 2024 to 2025 the reduction is approximately 10.53%, from 2025 to 2026 around 5.88%, from 2026 to 2027 roughly 12.50%, and from 2027 to 2028 about 14.29%. The compounded annual growth rate (CAGR) from 2024 to 2028 indicates an average year-over-year reduction of approximately 9.28%.

Future trends to watch for include potential shifts in government policies that could either reverse or accelerate this decline, changes in business investment behavior in response to economic conditions, and global factors influencing R&D across various sectors. Monitoring these elements will be crucial in understanding the long-term impact on Egypt's innovation landscape.