Business-Financed Gross Domestic Expenditure on R&D in Austria stood at 1.78% of GDP in 2023. Forecast data indicate a steady increase each year, reaching 1.95% by 2028. The year-on-year variation follows a pattern of approximately 1.65% increment between 2024 and 2025, 1.62% from 2025 to 2026, 2.13% from 2026 to 2027, and 1.56% from 2027 to 2028. Over the last two years, the growth rate has averaged around 1.79% per year. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 1.83%.
Future trends to watch for include:
• Emerging technologies and sectors that may drive higher R&D spending.
• Government policies and funding initiatives that could influence business investment in R&D.
• Influence of global economic conditions on domestic business investments.
• Potential changes in corporate strategies focusing on innovation and sustainability.
