According to the forecast data, higher education expenditure on R&D in Australia is expected to grow from USD 10.08 billion PPP in 2024 to USD 11.32 billion PPP in 2028. This represents a consistent year-on-year increase of approximately 3-3.2%.
- 2025: 3.18% increase
- 2026: 2.99% increase
- 2027: 2.90% increase
- 2028: 2.72% increase
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is around 3%. Future trends to watch include potential impacts of government policies, changes in global research collaboration, and technological advancements that may influence funding and priorities in higher education R&D.
