The output of Scientific Research and Development activities in Belgium remained steady at 0.3 units from 2013 to 2016. It saw a slight increase to 0.4 units in 2017, holding constant until 2019. A subsequent rise to 0.5 units occurred in 2020, which was sustained through 2023. Forecasts predict gradual annual increases, reaching 0.7 units by 2028.
Year-on-year variations averaged 50% in 2013, dropped to 0% from 2014 to 2016, elevated to 33.33% in 2017, stabilized at 25% in 2020, and remained 0% during 2021 to 2023. The compound annual growth rate (CAGR) for the past five years (2018-2023) was 4.56%, and it is forecasted to be 3.13% from 2024 onwards, with a 16.67% cumulative growth by 2028.
Future trends to watch for include advancements in technology and evolving R&D financing policies which could further propel growth. Monitoring Belgium’s policy changes and investments in innovation will be crucial to understanding potential accelerations in R&D output.
