The R&D budget for Health and Society in Chile, expressed as a percentage of GDP, stood at 0.023 in 2023. Moving forward, the forecasted values show a decreasing trend from 0.022 in 2024 to 0.017 in 2028. Specifically, the year-on-year decreases are 4.55% from 2024 to 2025, 4.76% from 2025 to 2026, 5% from 2026 to 2027, and 10.53% from 2027 to 2028. Over the last two years (2023-2024), there was a decline of 4.35% and another 4.35% from 2024-2023. The Compound Annual Growth Rate (CAGR) over this five-year period was -5.16%, demonstrating a steady decline in the R&D budget for Health and Society as a percentage of GDP.
Trends to watch for in the future include potential increases in governmental or private investments aimed at reversing this declining trend, especially amid growing emphasis on healthcare innovation and societal well-being. Monitoring policy changes and economic conditions will be crucial for understanding future shifts in R&D funding.
