Investment in R&D in Finland has been on a gradual decline over the past decade, starting from 3.1% of GDP in 2013 and decreasing to 2.3% in 2023. The year-on-year variations have typically ranged between -7.14% and +4%, with a compound annual growth rate (CAGR) indicating a consistent annual decline. In particular, between 2019 and 2023, the average annual reduction was around 2.42%. The forecasted data from 2024 to 2028 suggests a further reduction, with a 5-year CAGR of -1.89%, ultimately reaching 2.0% of GDP in 2028.

Important future trends to watch for:

Possibility of policy intervention by the Finnish government to counteract the downward trend in R&D investment.
Evolving economic conditions which could either worsen or improve the allocation of GDP towards R&D.
Emergence of new industries or technological advances that may reshuffle investment priorities.