In 2023, the US government allocated 0.66% of GDP to R&D. The forecast for the upcoming years shows a declining trend, with funds allocated to R&D decreasing steadily from 0.65% of GDP in 2024 and 2025 to 0.62% by 2028. This represents an approximate yearly decrease of 0.7%, with an average annual decrease of around 0.8% over the five years (CAGR).

Future trends to watch for:

Potential shifts in government priorities affecting R&D investment, especially in critical sectors such as technology and healthcare.
Impact of increasing private sector investment in R&D, possibly compensating for reduced government funding.
Influence of global competitive pressures that might prompt policy adjustments to boost R&D spending.