In 2023, the higher education expenditure on R&D in the US was approximately at 0.37% of GDP. Forecasted figures for 2024 through 2028 show a consistent expenditure of 0.37% of GDP. The lack of variation over this period suggests a stable investment relative to GDP. The five-year compound annual growth rate (CAGR) for this expenditure remains 0%, indicating no growth in spending relative to GDP.
Future trends to watch for:
- Potential policy changes or economic conditions that could impact funding allocations.
- Technological advancements driving demand for increased R&D investment.
- Comparative international trends in higher education R&D investment.