The R&D expenditure in Austria as a percentage of GDP is on an upward trend. The value was at 3.35% of GDP in 2023 and is forecasted to increase steadily over the next five years, reaching 3.53% by 2028.
- From 2024 to 2025, the R&D expenditure as a percentage of GDP is forecasted to grow by approximately 1.18% year-on-year.
- From 2025 to 2026, the year-on-year growth rate is projected to be around 1.17%.
- From 2026 to 2027, the growth rate is expected to be 0.87% year-on-year.
- From 2027 to 2028, a similar rate of about 1.14% is anticipated.
The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 1.09%, indicating a consistent upward trajectory in R&D spending.
For future trends, watch for potential variables affecting R&D investment, such as changes in government policy, funding opportunities from the European Union, technological advancements, and economic conditions. These factors will play crucial roles in shaping Austria's R&D landscape.
