Featured Analysis
U.S. R&D Increased by $51 Billion in 2020 to $717 Billion; Estimate for 2021 Indicates Further Increase to $792 Billion
January 4, 2023
Publication ID: nsf23320
U.S. R&D Investments
Discover NCSES’s expertise in understanding investments across the U.S. R&D enterprise
Data Highlights
Explore prior releasesWhen this ratio previously peaked in 1964, federally funded R&D was 1.86% of GDP. In 2021, R&D funded by the federal government was 0.66% of GDP and business funding for R&D was 2.52% of GDP.
The share of U.S. basic research funded by business has increased from 22.8% to 34.2% over 2010–20.