In 2023, Japan's business enterprise R&D expenditure in agriculture, forestry, and fishing was 24.12 million USD PPP. The forecasted data for 2024-2028 indicates a gradual decline, with expenditures expected to decrease from 24.06 million USD PPP in 2024 to 23.81 million USD PPP in 2028. This represents a compound annual growth rate (CAGR) decline, suggesting a negative trend over the period. The year-on-year change shows a consistent decrease, averaging to around 0.26% per year, indicating a modest downward trend.
Future trends to watch for include technological advancements in agriculture and sustainability initiatives which could impact funding allocations. Additionally, shifting domestic policies or international economic conditions could alter investment priorities within these sectors.
