Analysis
U.S. R&D Totaled $892 Billion in 2022; Estimate for 2023 Indicates Further Increase to $940 Billion
February 27, 2025
Research and experimental development (R&D) performed in the United States totaled $892 billion in 2022 and performer-reported expectations for 2023 are estimating a further rise to $940 billion—a potential increase of $48 billion. Of the $892 billion in 2022 U.S. domestic R&D performance, businesses funded $673 billion and government funded an additional $164 billion.
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