How much US spends on R&D?

How much US spends on R&D?

U.S. R&D Increased by $51 Billion, to $606 Billion, in 2018; Estimate for 2019 Indicates a Further Rise to $656 Billion | NSF – National Science Foundation.

How much did the US spend on R&D in 2020?

While the previous administration proposed $134 billion for federal R&D spending in 2020, the Biden administration is now asking for almost double that number—around $250 billion.

How much did the US spend on R&D in 2019?

Trends in Federally Funded R&D In current dollars, federal funding for R&D grew from $3.5 billion in 1955 to $138.9 billion in 2019, a compound annual growth rate (CAGR) of 5.9%. In constant dollars, federal R&D grew by a 2.6% CAGR during this period.

What percentage of the US budget goes to NASA?

NASA’s budget in fiscal year (FY) 2020 is $22.629 billion which represents 0.48% of all U.S. government spending.

Which country spends most on R&D?


Country/Region Expenditures on R&D (billions of US$, PPP)
1 United States 612.714
2 China 514.798
3 Japan 172.614
4 Germany 131.932

What percentage of US budget goes to military?

Defense spending accounts for more than 10 percent of all federal spending and nearly half of discretionary spending.

What country is the most innovative?

The world’s most-innovative economy in 2021 is Switzerland followed by Sweden, the United States of America (U.S.), the United Kingdom (U.K.) and Republic of Korea, according to the GII 2021 rankings.

How much SpaceX does Elon own?

To begin with, Musk still has a long way to go. He owns roughly 50% of SpaceX, worth about $50 billon and roughly $200 billion worth of Tesla stock, leaving him worth about $240 billion after factoring in some debt.

How much money is spent on R&D each year?

Total global R&D expenditures have risen substantially, expanding threefold between 2000 ($722 billion) and 2017 ($2.2 trillion). Global R&D activity remains concentrated in the United States, EU, and the combination of East-Southeast and South Asia regions (see Glossary for member countries of each region).

What is the AAAS federal R&D budget dashboard?

Welcome to the AAAS Federal R&D Budget Dashboard, an interactive tool for exploring long-term federal funding trends within the context of the broader budget.

What is the range of gross domestic expenditures on R&D?

Gross domestic expenditures on R&D, by selected region, country, or economy: 2000–17. Line chart with 9 lines. The chart has 1 X axis displaying Year. The chart has 1 Y axis displaying Billions of PPP dollars. Range: 0 to 600.