The output of scientific research and development in Norway stood at 45.10 billion Norwegian Krones in 2023, based on actual data. From 2024, the forecasted values indicate a steady upward trend, reaching 49.34 billion Norwegian Krones in 2024, and climbing consistently to 67.33 billion Norwegian Krones by 2028.
The year-on-year percentage variation forecasts are as follows:
- 2024: 9.39%
- 2025: 9.24%
- 2026: 8.38%
- 2027: 7.66%
- 2028: 7.06%
The last CAGR over the five-year period from 2023 to 2028 is projected to be approximately 8.34%, reflecting a consistent annual growth in the sector.
Future trends to watch for include advancements in technology, potential increases in government funding for R&D, and a growing emphasis on sustainability and green technologies, which could further bolster the growth and output of scientific research and development in Norway.
