The forecast shows a steady decline in US government expenditure on R&D as a percentage of Total GERD from 2024 to 2028, dropping from 7.67% to 6.86%. Analyzing it year-on-year, the expenditure decreases approximately 0.20 percentage points annually, evidencing a downward trend. This suggests a contraction in the government's proportional commitment to R&D.
The Compound Annual Growth Rate (CAGR) over this period is negative, highlighting a consistent reduction in allocation. In 2023, actual data reflected a slightly higher percentage, indicating a significant shift entering into 2024.
Future trends to watch for include potential impacts of decreased government funding on innovation and global competitiveness, particularly if economic conditions demand more private sector R&D investment or if other countries increase their government R&D expenditure.
