Global Innovation Spend

NSB: U.S. Spends More on R&D Than Other Countries

A nation’s innovative capacity is driven by its investments in R&D. According to a study of the last decade from the National Science Board, global R&D expenditures tripled from $726 billion in 2000 to an estimated $2.4 trillion in 2019. Although the United States spent more on R&D than any other country, its global share declined. Read the full study.

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