In 2023, Chile's R&D total current costs stood at 1.73 Billion US Dollars PPP. From 2024, the forecast values show a steady annual increase: 1.77 Billion in 2024, 1.81 Billion in 2025, 1.86 Billion in 2026, 1.9 Billion in 2027, and 1.94 Billion by 2028. The year-on-year variation percentages are as follows:
- 2024: 2.31%
- 2025: 2.26%
- 2026: 2.76%
- 2027: 2.15%
- 2028: 2.11%
The Compound Annual Growth Rate (CAGR) over the last 5 years is approximately 2.32% per year.
Future trends to watch include:
- Increased investment in technology and innovation sectors.
- Potential government incentives to boost R&D expenditures.
- Global economic influences on local R&D spending capabilities.
- Collaboration between academia and industry to drive research initiatives.
