In 2023, Japan's business enterprise expenditure on R&D was 138.8 billion USD in PPP, constant. From 2024 to 2028, this expenditure is projected to steadily grow, reaching 147.42 billion USD by 2028. Year-on-year growth rates indicate a consistent upward trend: 1.24% from 2024 to 2025, 1.22% from 2025 to 2026, 1.19% from 2026 to 2027, and 1.16% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is estimated at 1.24%.
Future trends to watch for include:
- Innovation and tech-driven sectors expanding, boosting R&D investments.
- Government policies and incentives that could affect R&D spending.
- Global economic factors impacting R&D allocations.
