Norway's higher education expenditure on R&D was at 2.98 thousand USD PPP in 2023. Forecasted values for 2024 to 2028 indicate consistent growth: 3.07 in 2024, 3.16 in 2025, 3.24 in 2026, 3.33 in 2027, and 3.41 in 2028. Year-on-year variations reflect a steady increase of approximately 2-3% annually.
Over the five-year forecasted period, the compound annual growth rate (CAGR) is around 2.75%, demonstrating sustainable investment in higher education R&D.
Future trends to watch for include fluctuations due to economic factors, shifts towards more technology-driven research areas, and changes in government funding priorities. These elements could significantly impact the trajectory of R&D investments.
