Chile's higher education expenditure on R&D is projected to grow steadily from 2024 to 2028, starting at $843.49 million in 2024 and reaching $939.0 million by 2028. This represents an average annual growth rate of approximately 2.7% over the five-year period. The year-on-year increases indicate consistent support for R&D activities, with each subsequent year showing an incremental growth from the previous year.
Comparatively, the expenditure in 2023 stood at $820.0 million USD. Analyzing trends over the last two years, the annual growth rate was around 2.9%. Over a longer period, this translates to a five-year compound annual growth rate (CAGR) of roughly 2.7%, indicating stable investment patterns in higher education R&D.
Future trends to watch for include the impact of government policies on R&D funding, fluctuations in public and private sector partnerships, and technological advancements that could influence research priorities. Additionally, monitoring global economic conditions will be crucial for anticipating changes in funding availability and expenditure patterns.