Forecast: Government Expenditure on R&D in the US

The US government expenditure on R&D is forecasted to grow steadily from 2024 to 2028, starting at 119.1 million USD PPP constant in 2024 and reaching 123.8 million USD PPP constant by 2028. This indicates a consistent year-on-year increase of approximately 1%. While actual figures stood at a similar base in 2023, this steady growth pattern suggests a focus on sustained investment in research and development.

Future trends to watch for include:

  • Potential impacts of economic fluctuations on budget allocations.
  • Strategic shifts in research priorities influenced by global challenges like climate change and technological advancements.
  • Legislative and policy changes that may alter funding trajectories.

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