The forecast for higher education expenditure on R&D in the US, expressed as a percentage of GDP, predicts stability from 2024 to 2028, maintaining around 0.37%. In 2023, this figure stood at approximately 0.36% of GDP. The notable year-on-year increase is seen between 2023 and 2024, with a growth percentage of 2.78%. Over the subsequent years, no notable year-on-year variation is anticipated, with the expenditure plateauing, reflecting a CAGR of about 0.55% from 2024 to 2028.
Future trends to watch include potential impacts of governmental policy changes, shifts in economic growth rates, and innovation funding on higher education institutions. Additionally, the development of new research priorities may influence expenditure patterns.
- Potential policy changes
- Economic growth impacts
- Innovation funding adjustments
- New research priorities