The output of scientific research and development in Belgium has shown noteworthy fluctuations over the last decade, with significant increases in some years and declines in others. As of 2023, the output reached 4.46 billion Euros, indicating a consistent upward trend from 2018 onwards. The average year-on-year variation was particularly high in 2018 at 23.38%. The Compound Annual Growth Rate (CAGR) over the last five years (from 2019 to 2023) stands at a modest 2.11%, reflecting a steady growth trajectory. Notably, the forecasted output for 2028 is 5.25 billion Euros, with a five-year CAGR of 2.58% and a five-year growth rate of 13.57%, suggesting continual moderate growth.
Future trends to watch for include increased investment in technological innovations, public and private sector collaborations, and heightened focus on sustainable and green technologies, which are expected to drive the output further. Additionally, policies and funding mechanisms by the Belgian government and the European Union will play a critical role in shaping R&D output.
