In 2023, Germany's business enterprise expenditure on R&D was 109.38 billion US dollars PPP. Forecasts indicate a steady increase, with projected spending of 112.17 billion in 2024, reaching 124.18 billion by 2028. The year-on-year growth rates for 2024 to 2028 are approximately 2.72%, 2.72%, 2.52%, 2.44%, and 2.44%, respectively. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at around 2.56%.
Future trends to watch for:
- Increasing investments in digitalization and green technologies could further drive R&D spending.
- Government policies supporting innovation may enhance the R&D environment, influencing higher-than-expected budget allocations.
