The wages and salaries in the biotechnology research and experimental development sector in Spain have shown significant growth from 2013 to 2023, moving from 131.2 million euros in 2013 to 515.5 million euros in 2023. Notable year-on-year variations include a substantial increase of 69.77% in 2015 and a more stable but consistent growth of around 5-10% in recent years. As of 2023, the year-on-year growth was 5.96%, with a 5-year CAGR of 7.28%.
Looking forward, the forecast indicates a continued upward trajectory with a 20.94% growth over the next five years and a 5-year forecasted CAGR of 3.88% by 2028. Key future trends to watch include the impact of technological advancements, regulatory changes, and investment levels in the sector.
