The data shows a continuous upward trend in Egypt’s total government research and development expenditure as a percentage of GDP from 2013 to 2023, starting at 0.64% in 2013 and reaching 0.83% in 2023. The year-on-year variation has fluctuated but showed relatively steady growth in recent years. Noteworthy is the CAGR over the last five years (2018-2023), which stands at approximately 2.8%, highlighting a moderate but consistent increase in R&D spending.
Future Trends to Watch For:
- Forecasted data predicts the R&D expenditure to continue growing, reaching 0.93% of GDP by 2028.
- The forecasted 5-year CAGR is expected to be around 1.75%, indicating a slight deceleration in growth rate compared to past years.
- Key factors that may influence this trend include governmental policy changes, economic conditions, and international collaboration in scientific research.
- Close monitoring of budget allocations, advancements in technology, and research infrastructure development will be crucial.
