In 2023, the private non-profit expenditure on R&D in natural sciences and engineering in Italy was the baseline for the subsequent forecasted years. From 2024 to 2028, this expenditure is expected to decrease steadily, with values decreasing in millions from 512.05 in 2024 to 494.48 in 2028. The year-on-year percentage change indicates a gradual decline, with each year's spending slightly less than the previous year. This trend suggests a tightening of budgets or shifting priorities within the non-profit sector. The compound annual growth rate (CAGR) over this period reflects a minor average annual decrease, emphasizing the contraction in expenditure.
Future trends to watch for include potential changes in government policies, funding availability, and shifts in focus towards sustainable and digital technologies that could impact non-profit investment in R&D. Additionally, economic conditions within Italy and the broader European Union could influence these projections either positively or negatively.
