Austria's investment in R&D, expressed in GDP percentage, remained stable at 2.7% from 2013 to 2017. The year 2018 marked a slight increase to 2.8%, which persisted until 2020. In 2021 and 2022, the investment rose incrementally to 2.9% and remains at that level in 2023. The forecast predicts a gradual increase to 3.1% by 2028.
Recent year-on-year growth from 2022 to 2023 showed no variation. The last two-year CAGR (2021-2023) indicated a modest average increase per year, while the five-year CAGR (2023-2028) is projected at 1.34%, suggesting a steady growth trajectory.
Trends to watch include potential increases in both public and private sector funding for R&D, shifts in innovation policies and frameworks, and Austria’s participation in EU R&D initiatives. Monitoring these factors will provide insights into sustained investment growth in R&D.
