Analyzing the forecasted Gross Domestic Expenditure on R&D in Brazil, there is a consistent upward trend from 2024 to 2028. The values increase steadily from $34.66 billion in 2024 to $35.25 billion in 2028. Reviewing the prior actual data, R&D expenditure stood at $34.5 billion in 2023. The year-on-year percentage variations from 2023 to subsequent years show incremental growths:
- 2024: +0.46%
- 2025: +0.46%
- 2026: +0.40%
- 2027: +0.43%
- 2028: +0.40%
Over the last two years, the consistent increase reflects the country's dedication to advancing research and technological capabilities. The average Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is approximately 0.43%.
Future trends to watch for include strategic initiatives by the Brazilian government and private sector investments in cutting-edge technology sectors such as biotechnology, artificial intelligence, and renewable energy. These investments could further accelerate the growth rate in R&D expenditure.
