In 2023, Chile's Gross Domestic Expenditure on R&D was recorded at a certain value. The forecasted expenditure for the subsequent years shows a positive trend, with values incrementally increasing from 1.83 billion US Dollars PPP in 2024 to 2.04 billion US Dollars PPP in 2028. This reflects a steady growth pattern.
- The year-on-year growth from 2024 to 2025 is projected at approximately 2.73%.
- From 2025 to 2026, the increase is around 3.19%.
- The growth from 2026 to 2027 is expected to be 2.58%.
- Lastly, from 2027 to 2028, the rise is predicted to be about 2.51%.
Considering the five-year forecast period, the Compound Annual Growth Rate (CAGR) stands at roughly 2.81% per year, indicating a consistent uptrend in R&D expenditure.
Future trends to watch for include the impact of governmental policies on R&D funding, private sector investment dynamics, global economic conditions, and advancements in technology sectors which could further influence R&D expenditure levels in Chile. Monitoring these factors will be crucial in assessing the accuracy and feasibility of the forecasted growth.
