Forecast: R&D Expenditure in United Arab Emirates

In 2023, the R&D expenditure in the United Arab Emirates stood at 1.75% of GDP. Over the past decade, the R&D expenditure has shown significant growth. From 2014 to 2023, the value increased from 0.68% to 1.75%. The year-on-year variation over the past two years indicates a steady growth with a 9.8% increase in 2022 and a 6.58% increase in 2023. The compound annual growth rate (CAGR) for the last five years stands at 6.72%.

Looking forward, forecasted data from 2024 to 2028 shows a continuous upward trend, with the R&D expenditure expected to reach 2.28% of GDP by 2028. The CAGR for the next five years is anticipated to be 4.2%, resulting in a total growth of 22.85% over the period.

Future Trends to Watch For:

• Potential impacts of government policies on R&D investment.
• Increased private sector participation in R&D activities.
• Developments in technology and innovative sectors driving R&D growth.