In 2023, Belgium's Gross Domestic Expenditure on R&D stood at 27 billion USD PPP. From 2024 to 2028, the expenditure is expected to grow steadily, reaching 35.76 billion USD PPP by 2028. This forecasted growth represents an average annual increase of roughly 4.54% over the five-year period, indicative of sustained investment in research and development.
Year-on-year percentage changes are the following:
- 2025: +6.13%
- 2026: +5.73%
- 2027: +5.38%
- 2028: +5.01%
Trends over the longer period show consistent growth, with an average annual growth rate (CAGR) of 4.54% from 2024 to 2028.
Future trends to watch include increased government and private sector funding, the impact of EU R&D initiatives, and the potential effects of global economic conditions on R&D investment in Belgium.
