The Higher Education Expenditure on R&D in Singapore is projected to exhibit steady growth from 2024 to 2028. Starting at a value of 27.7% of Total GERD in 2024, it is anticipated to rise incrementally, reaching 27.89% by 2028. This consistent year-on-year increase reflects a stable upward trend, with each year's forecasted value rising marginally by approximately 0.18% to 0.36%. Notably, the expenditure stood at 27.6% in 2023, indicating a gradually positive trend over the years.
Future trends to watch for include potential fluctuations influenced by changes in government policy, economic conditions, and funding availability. Maintaining this growth trajectory will likely require continued support and strategic investments in higher education R&D initiatives.
