Forecast: Gross Domestic Expenditure on R&D Per Capita in the UK

The UK’s forecasted Gross Domestic Expenditure on R&D per capita suggests consistent growth from 2024 to 2028, starting at $898.72 and reaching $963.72 in 2028. In 2023, this figure stood at approximately $883. The year-on-year growth indicates a steady increase: 1.86% in 2025, 1.80% in 2026, 1.72% in 2027, and 1.67% in 2028. The 5-year CAGR (Compound Annual Growth Rate) projects an average growth of around 1.76% per year.

Future trends to watch:

  • The impact of government policies on R&D investments.
  • Brexit's long-term effects on international research collaborations.
  • Technological advancements influencing R&D focus areas.
  • Private sector investment trends in R&D.

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