The output of Scientific Research and Development Activities in Denmark has seen significant growth from 2013 to 2023. Starting at 0.6 units in 2013, the output exhibited a steady increase, reaching 1.3 units by 2023. This reflects a compound annual growth rate (CAGR) of 5.39% over the past five years. Year-on-year variations reveal periods of stability, particularly from 2017 to 2019, with notable growth spurts in 2016 and 2020 at 42.86% and 20% respectively. In 2023, the output level maintained stability from the previous year.
- 2013-2023: Consistent growth with a CAGR of 5.39% over the last five years.
- Notable growth years: 2016 (42.86%) and 2020 (20%).
- Stable periods: 2017-2019 and 2023 with no year-on-year change.
Looking forward to the forecasted period from 2024 to 2028, the output is expected to continue growing, reaching 1.6 units by 2028. This represents an anticipated 5-year CAGR of 2.71%, suggesting a steadier growth rate compared to the past decade.
Future trends to watch for include potential impacts of increased investment in scientific research and development, technological advancements, and government policy changes which could further enhance Denmark’s capacity for innovation.
