U.S. R & D Increased by $ 32 Billion in 2017, to $ 548 billion ; Estimate for 2018 Indicates a Further Rise to $ 580 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 $ 547.9 billion in 2017. The estimated total for 2018, based on performer-reported expectations, is $ 580.0 billion. Data in current dollars show sizable, year-over-year increases in 2010 – 17, averaging $ 20.2 billion annually, owing mainly to consistently higher levels of business R&D performance.
Source: NSF - Statistics on U.S. Science and Engineering Resources - Category: Statistics Source Type: news