In 2023, the Gross Domestic Expenditure on R&D in the US stood at an actual value higher than the forecasted $822.16 billion for 2024. From 2024 to 2028, the forecasted R&D expenditure shows a consistent upward trend, with a year-on-year growth rate averaging around 4%. The compound annual growth rate (CAGR) over this five-year period is projected to hover around this same percentage, indicating a stable and positive growth trajectory for R&D investments in the US.
- Year-on-year growth: Approximately 4% annually from 2024 to 2028.
- Compound Annual Growth Rate (CAGR): Around 4% over the five years.
Future trends to watch include the impact of potential shifts in governmental policy, the increasing importance of technology-driven and sustainable research ventures, and the influence of global economic conditions on R&D budget allocations. These factors could significantly impact the pace and direction of R&D expenditure growth in the upcoming years.
