Forecast: R&D Expenditure in Brazil

In 2023, R&D expenditure in Brazil stood at 1.16% of GDP. Analysis of data from 2013 to 2023 shows significant fluctuations. Year-on-year variations exhibited both positive and negative trends, such as a 6% increase in 2013, a peak increase of nearly 8% in 2015, and a notable contraction of over 13% in 2017. Over the last two years, variations were minimal, with an average year-on-year increase of approximately 0.29%. Over the last five years up to 2023, the Compound Annual Growth Rate (CAGR) reflected a slight decline of 0.21% per year.

Looking ahead, forecasted data for 2024-2028 suggests stability, with R&D expenditure maintaining around 1.16% to 1.17% of GDP. The 5-year CAGR from 2024 to 2028 is projected at 0.2%, indicating marginal growth. This steady state underscores a potential period of plateauing investment in R&D relative to GDP.

Future trends to watch for include:

• Potential shifts in government policy affecting R&D funding
• Economic conditions influencing overall GDP and subsequent R&D budgets
• Developments in key industries driving private sector R&D investment