The output of scientific research and development in Finland has seen fluctuations over the years. Starting at 2.3 billion Euros in 2013, it decreased to a low of 2.06 billion Euros by 2017. A recovery began in 2018, with a steady increase observed up to 2.73 billion Euros in 2023. The annual growth rate over the past five years was 4%, while the year-on-year growth between 2022 and 2023 was 1.11%.
Looking ahead, the forecast indicates a consistent upward trend, reaching 2.85 billion Euros by 2028, with a 5-year CAGR projection of 0.7% and an overall growth rate of 3.56%.
Future trends to watch for include:
- Governments and private sector investments in science and technology
- Strategic innovations and breakthroughs in the research sector
- Economic factors impacting funding and resource allocation
