In 2023, Malaysia's Gross Domestic Expenditure on R&D stood at 11.34 billion US Dollars PPP. The forecasted values from 2024 to 2028 show a consistent upward trend: 11.61 billion USD in 2024, 11.89 billion USD in 2025, 12.17 billion USD in 2026, 12.45 billion USD in 2027, and 12.71 billion USD in 2028. The year-on-year variation indicates a steady growth pattern.
Future trends to watch for:
- Government policy changes and increased investment in R&D initiatives. - Expansion in high-tech industries and digital economy sectors. - Shifts in private sector investment in innovation and research activities. - Development in scientific research capabilities and infrastructure.
