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Innovate facts & stats

4 sourced facts about innovation and research & development (R&D) spending, each with the context behind the number. 4 more are in today's round and appear here after it closes.

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Going deeper

About what share of GDP did the United States spend on R&D in 2022?

Answer3.45% of GDP

That put the U.S. behind leaders like Israel and South Korea, despite spending the most in total dollars.

Source: OECD data (2022) en.wikipedia.org

About what share of GDP did Sweden spend on R&D in 2022, the third-highest rate worldwide?

Answer3.53% of GDP

Sweden punches above its size in R&D thanks to major industrial and pharmaceutical firms based there.

Source: OECD data (2022) en.wikipedia.org

Expert level

About what share of global GDP went to R&D back in 2015?

Answeran average of 2.2%

That 2015 figure was higher than the 2018 reading, showing R&D intensity isn't a steadily rising line.

Source: UNESCO Institute for Statistics (2015) en.wikipedia.org

About what share of GDP did South Korea spend on R&D in 2022, the world's second-highest rate?

Answer4.81% of GDP

South Korea's electronics and semiconductor industries drive heavy private R&D investment.

Source: OECD data (2022) en.wikipedia.org

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