Based on the forecasted data provided:
- 2024: 0.48% of GDP
- 2025: 0.49% of GDP (+2.08% YoY)
- 2026: 0.50% of GDP (+2.04% YoY)
- 2027: 0.51% of GDP (+2.00% YoY)
- 2028: 0.52% of GDP (+1.96% YoY)
The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 2.02%.
Future Trends to Watch:
Future trends in higher education R&D expenditure in South Korea may be influenced by government policies, economic conditions, and technological advancements. Stakeholders should monitor changes in funding models, global competitiveness in innovation, and collaborations between academia and industry to better understand how these factors could affect future investment levels and sustain growth in R&D expenditure.
