Labour costs in medium-high R&D intensive activities in Germany are forecasted to rise steadily from 2024 to 2028, reaching 352.3 billion euros by 2028. The year-on-year percentage increase from 2024 to 2028 suggests consistent growth, underscoring the rising investment and costs associated with R&D-intensive sectors. This follows an upward trend, with the last available actual data for 2023 indicating significant growth compared to prior years. The compounded annual growth rate (CAGR) over this five-year forecast period suggests moderate annual increases, pointing to sustained but manageable cost growth in these activities.
Future trends to watch for include:
- Potential impacts of global economic shifts on R&D investment.
- Inflationary pressures possibly affecting labour costs.
- Technological advancements driving changes in skill demands and associated costs.