The total gross domestic expenditure on research and development (R&D) in Chile has demonstrated a consistent, albeit gradual, upward trend from 2013 to 2023. In 2023, the expenditure stood at 720.27 thousand persons. Over the past decade, the year-on-year variation percentages reveal a steady decline in growth rate, starting from 13.86% in 2013, down to 2.46% in 2023. The compound annual growth rate (CAGR) also saw a declining trend from 8.78% to 2.71% over the same period.

For the forecasted period from 2024 to 2028, the growth rate is expected to maintain its gradual increase, albeit at a slower pace, with a forecasted 5-year CAGR of 1.69% and an overall growth rate of 8.74% by 2028. This indicates that while the increase in expenditure will continue, it may do so at a decelerated rate.

Future trends to watch for include:

Potential policy adjustments that could impact R&D funding and investment.
Technological advancements and innovation rates which may drive fluctuating R&D demands.
Global economic conditions that could influence domestic R&D expenditure.