The trend in fixed investment in research and development in Italy has shown a steady increase from 2013 to 2023, where it stood at 30.17 billion Euros. Over the last decade, there have been minor fluctuations, with notable growths in years like 2015 and 2022 offsetting periods of slight decline such as 2014 and 2020. Specifically, the YoY growth rate for the most recent years was 9.42% in 2022 and 1.6% in 2023. Over the past five years, the CAGR has been around 3.5%. Overall, the forecasted average annual growth rate for the next five years is about 1.2%, indicating a more moderate growth trajectory compared to the past.
Future trends to watch include the impact of new technology investments, government policy changes, and international economic conditions which may influence further investment in R&D. The evolving landscape of digital and green technologies could also play a significant role in shaping the trajectory of R&D investments in Italy.
