From 2013 to 2023, the R&D Budget for Industry and Knowledge in Austria showed fluctuations but generally increased slightly from 0.63% to 0.67% of GDP. Concretely, the budget rose and fell marginally over the years, demonstrating modest volatility. Specifically, the recent two years reveal minimal yearly increases, with 2023 standing at 0.67% of GDP, reflecting a steady pattern observed over preceding years. The five-year CAGR from 2019 to 2023 averaged at 0.56%, indicating mild growth momentum.
Future trends suggest consistent, modest expansion of R&D expenditure, maintaining approximately 0.68% of GDP through 2028. Notably, the projected five-year CAGR of 0.26% underscores the expectation of stable but restrained growth. Key considerations for the future include assessing how emerging technologies and innovation policies may further influence investments in R&D within Austria's industrial sectors.
