In 2023, Higher Education Expenditure on R&D in Australia stood as the baseline before the forecasted increases. Analyzing the trends from 2024 onwards reveals a steady annual growth in expenditure from 38.59% in 2024 to 40.8% in 2028 of Total GERD.
- Year-on-year percentage variations are as follows:
- 2024: Baseline
- 2025: +1.48%
- 2026: +1.43%
- 2027: +1.35%
- 2028: +1.34%
- Over the past two years, the expenditure has shown consistent growth, indicating strong support for higher education R&D in Australia.
- The Compound Annual Growth Rate (CAGR) over the five-year forecast period is expected to be approximately 1.4%, reflecting sustainable and steady investments in R&D.
Looking ahead, trends to watch for include potential policy changes impacting funding, technological advancements driving new research focal points, and economic conditions that may influence the overall budget allocations for R&D in higher education.
