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Global Research and Development Expenditures: Fact Sheet

Global Research and Development Expenditures: fact Sheet Updated September 27, 2021 Congressional Research Service R44283 Global Research and Development Expenditures: fact Sheet Congressional Research Service 1 esearch and Development (R&D) plays a central role in advanced economies in areas such as economic growth and job creation, industrial competitiveness, national security, energy, agriculture, transportation, public health and well-being, environmental protection, and expanding the frontiers of human knowledge Accordingly, companies, governments, universities, nonprofit organizations, and others around the world have made substantial investments in R&D.

Sep 27, 2021 · governments, universities, nonprofit organizations, and others around the world have made substantial investments in R&D. Since 2000, total global R&D expenditures have more than tripled in current dollars, from $677 billion to $2.2 trillion in 2019. The United States emerged as a global leader in science and technology in the second half of the

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