Total global R&D spending 1996-2022

Published by
Einar H. Dyvik,
Apr 19, 2024
Research and development (R&D) spending was forecast to reach over 2.47 trillion U.S. dollars globally in 2022 (once local currencies are converted for purchasing power parity). This compares to around one trillion U.S. dollars in 2005, and around 555 billion U.S. dollars in 1996. Spending decreased somewhat in 2020 following the outbreak of COVID-19, but increased again in 2021 and was forecast to do so in 2022 too.

Total global spending on research and development (R&D) from 1996 to 2022 (in billion PPP U.S. dollars)

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Release date

April 2022

Region

Worldwide

Survey time period

1996 to 2022

Supplementary notes

PPP - Purchasing power parity.
The source does not indicate a release date. The date of access was taken as the release date.

*Forecast.

Data for 1996 to 2018 are taken from this source.

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