RESEARCH & DEVELOPMENT (R&D) EXPENDITURES – GLOBAL U.S. RANKING
Although the United States invests more
in R&D than does any other individual country, several other, smaller economies have a greater “R&D intensity”—that is, a higher ratio of R&D
expenditures to GDP.
South Korea has the highest ratio at
4.6%. Over the past decade, U.S. R&D intensity has Puctuated within a relatively narrow range and remained generally high relative to historic levels, although the global U.S. rank in this indicator fell from 8th in 2009 to 10th in
Among individual countries, the United States was the largest R&D performer in 2017, followed by China, whose R&D spending now exceeds that of the EU (Figure 11). Together, the United States (25%) and China (23%) accounted for nearly half of the estimated global R&D total in 2017. Japan (8%) and Germany (6%) are next, followed by South Korea (4%).
GROSS DOMESTIC EXPENDITURES ON R&D
AVERAGE ANNUAL GROWTH RATE OF DOMESTIC R&D EXPENDITURE