In 2023, Italy's higher education expenditure on R&D in engineering and technology stood at 1.82 billion USD PPP. The forecasted figures suggest a steady year-on-year growth likely at a moderate pace through 2028. The values increase from 1.84 billion USD PPP in 2024 to 1.97 billion USD PPP by 2028. Year-on-year increments appear consistent, signaling a robust commitment to advancing R&D in this sector. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be steady, reflecting a sustainable increase in investment towards engineering and technology research.

Trends to watch for include:

Potential policy changes affecting funding allocations in higher education.
Evolving technological advancements driving demand for increased R&D investment.
European Union funding programs influencing national R&D expenditure patterns.