The Gross Value Added (GVA) for Scientific Research and Development in the US stood at 200 Billion USD in 2023. Forecasted data shows a consistent increase year-on-year: 214.63 Billion USD in 2024, 228.31 Billion USD in 2025, 241.85 Billion USD in 2026, 255.26 Billion USD in 2027, and 268.53 Billion USD in 2028. This shows a clear trend of growth, averaging around 6% annually. The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is observed to be approximately 6.02%.
Future trends to watch for include the impact of technological advancements, increased federal funding, and private sector investments. Additionally, potential regulatory changes and international collaboration could also significantly influence the GVA in this sector.
