The R&D expenditure in Belgium for 2024 is projected to be at 3.51% of GDP, increasing gradually to 3.57% by 2028. In 2023, the R&D expenditure stood at 3.49% of GDP. From 2024 to 2028, the year-on-year variations show incremental growth:
- 2024-2025: 0.57% increase
- 2025-2026: 0.57% increase
- 2026-2027: 0.28% increase
- 2027-2028: 0.28% increase
Within the last two years, the variation exhibited consistency with a slight deceleration. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is 0.34%, indicating steady but moderate growth in R&D expenditure.
Future trends to watch for include how technological advancements and digital transformations might influence R&D spending, as well as the impact of government policies and incentives aimed at boosting innovation in Belgium. Attention should also be paid to how global economic conditions might affect funding and investment in research and development.
