In 2023, France's Gross Domestic Expenditure on R&D was approximately 76.21 billion USD PPP. The forecast for 2024 shows an increase to 77.64 billion USD PPP, continuing a steady upward trend through to 2028, where it is expected to reach 83.38 billion USD PPP. This represents a year-on-year growth of about 2% to 2.2% annually. The compound annual growth rate (CAGR) over this five-year period is approximately 1.8%.
Future trends to watch for include policy changes that could affect funding allocations, potential increases in private sector investment, and the effects of global economic conditions on R&D expenditure. Additionally, technological innovation and international collaborations may further influence the sector's growth trajectory.
