In 2023, business enterprise expenditure on R&D in the US was 2.13% of GDP. The forecast indicates a steady increase in this expenditure, reaching 2.19% by 2028. The year-on-year change shows minimal yet positive growth, averaging around 0.47% annually over the forecast period, reflecting a consistent dedication to innovation and development.
Future trends to watch for include potential shifts in sector-specific R&D investments, impacts of economic policy changes on funding availability, and evolving technologies that could drive new areas of research focus.
Overall, businesses continue to prioritize R&D, fostering innovation and potentially boosting economic growth over the longer term.
