Forecast: Defence Budget on R&D in Türkiye (Turkey)

The Defence Budget on R&D in Türkiye showed significant fluctuations over the years. The data from 2013 to 2023 presents a roller-coaster trend with dramatic increases and sharp declines, most notably in 2022 with a 134.12% YoY increase, followed by a 50% drop in 2023.

Analyzing the Compound Annual Growth Rate (CAGR) over the past 5 years, the data reveals an average decline of -1.87%. This suggests an overall shrinking trend in R&D budget over the recent half-decade despite occasional spikes.

Looking ahead, from 2024 to 2028, the forecasted values for Defence Budget on R&D are consistently at 18.2 units, indicating a flat future trend with an anticipated minimal CAGR of -0.01% over the next five years.

Future trends to watch for include:

• Potential policy changes or strategic shifts that could significantly alter the budget allocation.
• Geopolitical developments which might drive either an increase or a decrease in defence R&D spending.
• Technological advancements and emerging defence needs which could prompt a re-evaluation of R&D priorities.