The Gross Value Added (GVA) in Scientific Research and Development in Norway showed a steady growth trajectory from 2023 to 2028. Standing at 25.0 billion Norwegian Krones in 2023, it is forecasted to grow to 26.81 billion in 2024 and reach 34.19 billion by 2028. The year-on-year growth rates show a consistent upward trend, with an approximate increase of 7% annually over the observed period.
Future trends to watch for include potential increases in funding for innovation and technology, enhanced collaboration between public and private sectors, and the impact of global economic conditions on research investments in Norway.
- 2023 to 2024: 7.24%
- 2024 to 2025: 7.00%
- 2025 to 2026: 6.45%
- 2026 to 2027: 5.99%
- 2027 to 2028: 5.62%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is approximately 6.46%, reflecting a robust and sustainable development trajectory.
Future trends to watch include the influence of global technological advancements, government policy changes supporting R&D, and shifts in international collaboration dynamics which could further boost or inhibit growth in the R&D sector in Norway.
