View cart “2000 to 2010 Global R&D Funding Forecast Bundle” has been added to your cart.
The continuing large annual increases in Chinese R&D investments (non-stop for more than 20 years) and the inability of the U.S. to match those increases results in a forecast of China outspending the U.S. (for the very first time) in R&D ($622 billion for China vs $599 billion for the U.S.) in 2021. This nearly 4% difference can be partially explained by a 2% improvement in China’s annual GDP compared to a 4% decline in U.S. annual GDP for 2020.
The U.S. is expected to invest $581.0 billion in R&D in 2019, an increase of 2.7 % over the $565.8 billion invested in 2018. A big part of the 2019 increase comes from a large increase in federal research funding for the FY2019 budget, which was the highest funding increase since 2009.