Forecast: Government Expenditure on R&D in Agricultural and Veterinary Sciences in Germany

As of 2023, government expenditure on R&D in agricultural and veterinary sciences in Germany was observed at approximately 980 million US Dollars PPP. Forecasts for 2024 through 2028 indicate a gradual increase, reaching 1060 million US Dollars PPP by 2028. The year-on-year growth rates reflect moderate increases between 1.2% to 1.9%, illustrating a consistent upward trajectory. The compound annual growth rate (CAGR) over the five-year forecast period stands at around 1.6%, signifying steady investment growth in this sector.

Future trends to watch for include:

  • The impact of climate change policies on agricultural R&D investments.
  • Innovation in biotechnology and precision agriculture driving strategic investments.
  • Emerging global health challenges influencing veterinary research funding.
  • Potential economic fluctuations affecting budget allocations in future years.

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