In 2023, France's government expenditure on R&D was approximately 9.08 billion USD PPP. The forecast data for 2024 to 2028 shows a gradual increase in this expenditure, reaching 9.6 billion USD PPP by 2028. Year-on-year growth is modest yet consistent, suggesting a stable investment strategy in research and development by the French government. The five-year compound annual growth rate (CAGR) is expected to be around 1.13%.
Future trends to watch include:
- Potential shifts in France's budget allocation for R&D in response to economic changes.
- Government policies fostering innovation and technological advancement.
- Impact of international collaborations on France's R&D landscape.