The value added in the Scientific Research and Development sector in Chile has shown significant fluctuations over the past decade. From a value of 28.51 billion Chilean Pesos in 2013, it experienced notable growth and reached 113.92 billion Chilean Pesos in 2023. The sector saw remarkable expansion, particularly in the periods of 2014-2018, with the highest year-on-year increase of 89.23% in 2015. However, the growth rate slowed down in subsequent years, culminating in a 4.51% year-on-year variation in 2023. The recent CAGR over the last five years stands at a modest 3.05%.

For the future, the forecasted data suggests a continued but moderate growth trajectory, with a projected 5-year CAGR of 2.94% leading to a value of 137.16 billion Chilean Pesos by 2028. The overall forecasted 5-year growth rate is anticipated to be 15.58%.

Future trends to watch for include:

Impact of technological advancements and automation in research methodologies.
Government and private sector investments in R&D initiatives.
Global collaboration and research partnerships.
Innovative funding mechanisms and venture capital interests in scientific research.