The forecasted Gross Domestic Expenditure on R&D as a percentage of GDP in Singapore for the years 2024 to 2028 remains constant at 2.04%. This indicates no year-on-year variation. Over the last two years, the expenditure has remained stable, and the Compound Annual Growth Rate (CAGR) over the last five years is 0%, reflecting zero average annual variation.
Future Trends to Watch: It will be essential to monitor potential policy changes, technological advancements, and economic conditions that could influence R&D investments. Although the forecast shows a stable trend, any shift in these factors could lead to a significant impact on future Gross Domestic Expenditure on R&D.
