In 2023, the Gross Domestic Expenditure on R&D per capita in the US stood at approximately 2.0 thousand US dollars PPP. The forecast for 2024 through 2028 shows a steady increase, from 2.0 to 2.15. Year-on-year variations indicate a modest growth rate of around 2%, signifying consistent, albeit moderate, increases annually. The Compound Annual Growth Rate (CAGR) over this five-year period is projected to be approximately 1.85%, reflecting a stable upward trend in R&D investments per capita.
Future trends to watch for include:
- Impact of technological advancements on R&D expenditure growth rates.
- Potential policy changes affecting R&D budget allocations.
- Continued focus on innovation and its influence on the economic landscape.
