The forecasted share of business-financed gross domestic expenditure on R&D in the US shows a gradual increase from 1.83% of GDP in 2024 to 1.86% by 2028. Year-on-year growth remains modest at approximately 0.55% between each consecutive year in this period. This trend highlights a consistent but slow commitment from the business sector towards research and development financing. For context, in 2023, this indicator stood slightly below 1.83% of GDP, marking the beginning of this gradual upward trend.
Future trends to watch for include:
- Potential impacts of policy changes on R&D investments by businesses.
- Advancements in technology sectors that may influence R&D spending priorities.
- The role of emerging industries in driving up the percentages in future years.
