Forecast: Gross Domestic Expenditure on R&D in United Arab Emirates

Between 2014 and 2023, the Gross Domestic Expenditure on R&D in the United Arab Emirates has shown a consistent upward trend, growing from 0.68 to 1.75 Units of GDP. From 2015 to 2019, annual growth rates varied significantly, peaking at 28.21% in 2015 and decreasing to 3.7% in 2019. The Compound Annual Growth Rate (CAGR) during these periods was 13.89% from 2015 to 2016, and 14.18% from 2016 to 2019. In the subsequent period, growth stabilized slightly with the 2020 CAGR at 11.45% and the 2021 CAGR at 9.92%. Recent figures from 2021 to 2023 indicate a slower but still positive growth trend, with a CAGR of 6.72% in 2023.

Forecasts from 2024 to 2028 indicate a continued but moderated growth with a forecasted 5-year CAGR of 4.2%, resulting in a Gross Domestic Expenditure on R&D reaching 2.28 Units of GDP by 2028.

Future trends to watch for include:

• Continued emphasis on innovation and technology development, driven by government initiatives and strategic investments.
• Potential impacts of global economic conditions on funding and prioritization of R&D activities.
• Emergence of new sectors and technological breakthroughs that could further accelerate R&D expenditure growth.