In 2023, the US government research and development (R&D) expenditure represented approximately 2.84% of GDP. Forecasted data indicates a stable trend, with a slight upward trajectory observed from 2024 to 2028, progressing from 2.84% to 2.87% of GDP. This steady growth implies a negligible year-on-year percentage change over the period. Cumulatively, over the five-year span, the compound annual growth rate (CAGR) suggests a very modest average increase, reflecting a conservative commitment to R&D investment relative to GDP.
Future trends to watch for:
- Potential policy shifts in government that could impact R&D budgeting.
- Emerging technology sectors necessitating increased government investment.
- Economic conditions influencing overall GDP and, subsequently, R&D expenditure percentage.
- Global competition in technology development and innovation driving public R&D funding.
