The R&D Budget for Industry and Knowledge in Finland has shown a general upward trend from 2013 to 2023, reaching 80.99 in 2023. This represents a significant increase from the earlier figure of 59.67 in 2013. Over the last two years, from 2022 to 2023, the budget displayed a modest yet consistent year-on-year growth of around 1.81%. The 5-year CAGR leading to 2023 stands at a robust 3.97%, underscoring the sustained increase in the R&D budget.
Forecasts from 2024 to 2028 suggest a continued, albeit slower, growth; with a 5-year CAGR from 2024 to 2028 projected at 1.4%, culminating in a total increase of 7.18% over this period. The long-term trend highlights a commitment to incrementally increasing financial support for R&D activities in Finland.
Future trends to watch for include the impact of potential global economic fluctuations on R&D funding, the integration of advanced technologies like AI and quantum computing into R&D projects, and the Finnish government's policy changes which could either accelerate or decelerate the growth in R&D investments.
