Analysis of the R&D capital costs in Singapore reveals a significant downward trend from 2013 to 2028, with values decreasing annually. In 2023, the R&D capital costs were valued at 5.6 units of total GERD. Recent trends show substantial decreases, with a year-on-year variation of -11.17% in 2023 and an average annual decrease (CAGR) of -6.69% over the past five years. The forecast until 2028 shows a stark decline with an anticipated CAGR of -16.83%.
Future trends to watch for include:
- Potential impact of governmental policy changes aimed at boosting R&D investments
- Emerging technological innovations that could drive an increase in R&D spending
- Economic factors influencing capital allocation towards R&D activities
