Businesses spent $375 billion on R&D performance in US in 2016

Businesses spent $375 billion on R&D performance in US in 2016

Businesses spent a total of $375 billion on research and development (R&D) performance in the United States in 2016, an increase of 5.3 percent from 2015. Funding from companies' own sources was $318 billion in 2016, an increase of 7 percent from 2015. Funding from other sources was $57 billion in 2016 and $59 billion in 2015.

Of the $375 billion companies spent on R&D in 2016, $25 billion (7 percent) was spent on basic research, $61 billion (16 percent) on applied research, ...

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Published October 12, 2018 at 06:30PM