The output of Scientific Research and Development in Austria is forecasted to grow steadily from 2024 to 2028, starting at 3.71 Billion Euros in 2024 and increasing to 4.32 Billion Euros by 2028. In 2023, this output stood at 3.56 Billion Euros, reflecting a year-on-year increase of approximately 4.21% in 2024.
Year-on-year variations show a consistent upward trend:
- 2024: 4.21%
- 2025: 4.04%
- 2026: 4.15%
- 2027: 3.73%
- 2028: 3.66%
On average, this represents a Compound Annual Growth Rate (CAGR) of approximately 3.96% over the five-year period from 2024 to 2028.
Future trends to watch for include increased investment in emerging technology sectors, growth in collaborative international research projects, and the impact of governmental policy changes related to innovation and research funding.
