From 2013 to 2023, Belgium's nanotechnology R&D intensity in the business sector experienced fluctuations. In 2013, R&D intensity was at 1.8 units of BERD, falling significantly by 13.82% year-on-year. Following years saw modest growths and occasional declines, reaching 1.82 units in 2023, slightly down by 0.38% from the previous year.
Analyzing data from a longer horizon, the compound annual growth rate (CAGR) for 2017 through 2023 averages at -1.98%, indicating a sustained decline. While there was an 11.14% positive variation in 2022, the overall trend remained downward.
Future trends to watch for include:
- Consistency in the stabilization of R&D intensity around 1.8 units from 2024 to 2028.
- A minor reduction with a forecasted 5-year CAGR of -0.15%.
- Potential external factors affecting Belgium's nanotechnology sector such as economic environment, policy changes, and technological advancements.
