In 2023, government support for R&D measured 0.81% of GDP. Forecasts indicate a modest increase to 0.82% in 2024 and 0.83% annually from 2025 to 2028. This stable growth pattern reflects a slight uptick since 2023, suggesting a steady governmental commitment to R&D support over the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 shows a consistent increase without significant fluctuations.
Future trends to watch for:
- Potential policy changes impacting federal funding and tax credits for R&D.
- The influence of federal budget allocations on R&D priorities.
- The economic conditions affecting the portion of GDP dedicated to R&D.
