U.S. R & D Increased by $ 51 Billion in 2020 to $ 717 Billion ; Estimate for 2021 Indicates Further Increase to $ 792 Billion

New data from the National Center for Science and Engineering Statistics within the National Science Foundation indicate that research and experimental development ( R&D ) performed in the United States totaled $ 717.0 billion in 2020. The estimated total for 2021, based on performer-reported expectations, is $ 791.9 billion. The ratio of U.S. R&D to GDP was 3.40 % in 2020, exceeding the Organisation for Economic Co-operation and Development average ( 2.67 % ) .
Source: NSF - Statistics on U.S. Science and Engineering Resources - Category: Statistics Source Type: news