The value of production in the Scientific Research and Development sector in Finland has shown significant growth over the last decade. Starting from 623.9 million Euros in 2014, it reached 1150.0 million Euros in 2023. Between 2014 and 2023, the sector saw fluctuating year-on-year variations, with notable increases such as 16.82% in 2017 and 23.27% in 2019, as well as a decrease of 5.22% in 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was 6.12%. For the forecasted period (2024-2028), the sector is expected to grow at a CAGR of 2.72%, reaching 1370.0 million Euros by 2028, representing a total growth of 14.38% over these five years.

Future trends to watch for include:

Increased investment in technological innovations and digital transformation within the sector.
Potential impacts of government policies and funding on research activities.
The role of international collaborations and partnerships in driving growth.