Science & Enterprise subscription

Follow us on Twitter

  • University engineering and medical groups designed simple, open-source face shields for health care workers on the… https://t.co/8fzWtcyNjK
    about 6 hours ago
  • New post on Science and Enterprise: Univ. Labs Design, Produce Medical Face Shields https://t.co/qMza9qTIo1 #Science #Business
    about 6 hours ago
  • An analysis of health care spending by large employers shows both companies and their employees are saving money fr… https://t.co/Pa0tWWmJyG
    about 11 hours ago
  • New post on Science and Enterprise: Employers, Patients See Discounts from Biosimilars https://t.co/XsU1sayf4y #Science #Business
    about 11 hours ago
  • My story today about @pressclubdc #Covid19 photo collection ... https://t.co/V2S96FA5yY #CoronavirusNPC #NPCsocialdistancing #NPCstayathome
    about 14 hours ago

Please share Science & Enterprise

Infographic – China Closes R&D Funding Gap

R&D spending 2017

R&D expenditures to 2017 (NSF, Statista)

25 Jan. 2020. A new report from National Science Foundation shows China now ranks a close second to the U.S. in total research and development investments. Business data research company Statista compiled the numbers from the report earlier this week, displayed as our weekend infographic on Science & Enterprise.

NSF’s biennial Science and Engineering Indicators report shows by 2017, the last year data are available, the U.S. still leads in total annual R&D expenditures at $549 billion, measured in purchasing power parity or PPP dollars, a macroeconomic measure of productivity that enables comparisons across countries and currencies. China, in second place behind the U.S., spent $496 billion in 2017, overtaking European Union countries with some $430 billion. Japan lags behind in fourth place with $171 billion.

The chart shows that since 2000, China’s R&D investments are on a steeper upward curve, increasing at an average of 17 percent a year, than the U.S., Europe, and Japan. In comparison, the U.S. annual growth rate is 4.3 percent. Businesses, says NSF, provide 70 percent of R&D spending in the U.S., while government expenditures add 10 percent.

More from Science & Enterprise:

*     *     *

Please share Science & Enterprise ...

Comments are closed.