Based on actual data, Singapore's higher education expenditure on R&D in all fields stood at $2.67 Billion USD PPP in 2023. Forecasted values suggest a gradual decline over the next five years, starting from $2.64 Billion in 2024 and reducing each subsequent year to reach $2.52 Billion by 2028. This is an average year-on-year decrease of roughly 1.00% over the period.
Future trends to watch for include potential shifts in government budgets, changes in global economic conditions, and evolving priorities in the education and research sectors. The pace of technological advancement and international collaboration may also impact future R&D expenditure. Monitoring these factors will be crucial to understanding trends in R&D investment.
