In 2023, Italy's government expenditure on R&D was below 5.86 billion USD PPP, and this value is set to increase steadily from 2024 onwards. The forecasted data indicates a consistent year-on-year growth in R&D spending, reaching 6.21 billion USD PPP by 2028. The forecasted compound annual growth rate (CAGR) from 2024 to 2028 suggests a modest but steady growth rate within this period.
Future trends to watch for include:
- The impact of potential policy changes that could accelerate or decelerate this growth rate.
- The influence of macroeconomic factors in Europe affecting Italy's fiscal capabilities.
- Shifts in priority sectors for R&D that could alter funding allocation within the existing budget.
