The forecasted Government Expenditure on R&D in the US shows a steady increase from 2024 to 2028, with values rising from 65.04 to 68.89 billion USD PPP. In 2023, the actual expenditure was 64.06 billion USD PPP. The year-on-year growth rates indicate a modest, yet consistent increase of approximately 1.51% from 2024 onward. The compound annual growth rate (CAGR) over this five-year period is projected to be around 1.45%, reflecting stable government investment in research and development.
Future Trends to Watch for:
- Potential shifts in government policy, affecting funding allocations. - Increasing emphasis on green technologies and digitalization, influencing R&D priorities. - International competition driving enhancements in R&D spending.
