Between 2013 and 2023, Argentina's total government research and development expenditure has exhibited a fluctuating trend, generally decreasing until 2017 and stabilizing around 0.56% of GDP from 2018 onwards. Year-on-year variations underscore this volatility with notable dips; for instance, a decrease of 10.35% in 2016. Conversely, minor positive variations occurred, maintaining a steady 0.26% yearly increase over the last few years.
Entering 2024, this stability is projected to continue, with expenditures slightly increasing to 0.57% of GDP by 2025 and maintaining this level until 2028. The forecasted 5-year CAGR is a modest 0.18%, indicating a gradual but slow upward trend.
Future trends to watch for:
- Government policy changes that could impact R&D investment, potentially altering projected stability.
- Economic conditions that may affect GDP allocation towards R&D, either limiting or enhancing funding.
- Technological advancements and international collaborations that might necessitate increased R&D expenditure.