In 2023, Chile’s total gross domestic expenditure on R&D stood at 0.36% of GDP. The forecasted data for 2024-2028 indicates that this figure will maintain stability at 0.36% annually. This steadiness implies a lack of year-on-year variation, presenting a flat trend over the five-year forecast period. Consequently, the Compound Annual Growth Rate (CAGR) is 0% from 2023 to 2028, suggesting no anticipated increase or decrease in R&D expenditure relative to GDP.
Future trends to watch for include potential shifts in government policy aimed at enhancing innovation, the immediate economic impacts of global technological advancements, and international collaborations that may influence Chile’s R&D expenditure. Additionally, the role of private sector investment and any emergent startups could further impact future R&D trends in the region.
