From 2013 to 2023, Chile's R&D expenditure as a unit of GDP has generally been on a declining trend. Starting at 0.39 in 2013, it declined to 0.34 by 2023, with fluctuations along the way. The year-over-year variation has seen ups and downs, with notable decreases in 2016, 2017, and 2020. The compound annual growth rate (CAGR) over the last five years stands at -1.52%. Forecasts from 2024 to 2028 suggest a stabilization at 0.34, with a forecast 5-year CAGR at -0.29%.
Future trends to watch for include:
- Government policies and incentives aimed at boosting R&D spending
- Private sector investments in innovation and technology
- Global economic conditions impacting budget allocations
- Collaborations between academic institutions and industries
