In 2023, Germany's government expenditure on R&D was at a significant level, laying a solid foundation for future growth. By 2024, forecasts indicate a steady increase, reaching $26.06 billion USD PPP. With a consistent upward trend, the expenditure is projected to grow by approximately 4.2% annually, pushing it to $30.34 billion by 2028. This reflects a compound annual growth rate (CAGR) of 3.8% over the forecast period.
Future trends to watch for:
- Continued investment in digital transformation and technological advancements.
- Potential shifts in priorities due to geopolitical or economic changes.
- Increases in global collaborations or funding affecting domestic strategies.
