In 2023, higher education expenditure on R&D in the US constituted 0.35% of GDP. The forecast reveals a steady increase to 0.36% in 2024 and 0.37% from 2025 to 2028. This reflects a modest year-on-year growth from 2023 to 2024, then stabilizes without significant variations through 2028. The compound annual growth rate over this period is minimal, indicating a stable investment environment.
Future trends to watch for include:
- Potential policy changes that may impact funding levels.
- Technological advancements prompting shifts in research funding allocations.
- Economic factors affecting GDP growth and proportionate research expenditures.
