Forecast: Higher Education Expenditure on R&D in Belgium

In 2023, Belgium's higher education expenditure on R&D stood at 4.14 billion USD PPP. The forecasted values for the coming years indicate a steady increase: 4.31 billion USD in 2024, 4.48 billion USD in 2025, 4.64 billion USD in 2026, 4.81 billion USD in 2027, and 4.97 billion USD in 2028. This represents a year-on-year increase of approximately 3.4% from 2024 to 2025, 3.6% from 2025 to 2026, 3.7% from 2026 to 2027, and 3.3% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 3.5%.

Future trends to watch for include potential policy changes impacting R&D funding, shifts in international research collaborations, and the influence of technological advancements. Monitoring the economic environment and its effects on funding allocation will be crucial.

Top Countries about Higher Education