Global Research and Development Growth Report: A Few Statistics
- A country’s competitiveness can be deciphered from its spending on research and development which is expressed as a percentage of GDP (Gross Domestic Product). However the recent downturns between 2006 and 2011 have forced some dipping of proportion of total R&D expenditure to the total GDP.
- However here are some reports that show some growth trends in R&D globally:
- There is a forecast that that the R&D funded by the US Academia is to increase by 2.1% in 2013 to $12.7 billion dollar and the amount of R&D performed by U.S. academia is expected to grow 0.4%.
- As per a report in 2012 the emerging markets are investing more and more heavily in developing new products. Countries like India and China alone are responsible for nearly 20% growth in global R&D.
- The U.S. President Obama in the budget request for FY2013 has included $140.820 billion for R&D which is a increase from FY2012 by 1.4%.
- A report in 2010 shows that as many as 72 countries invested $100 million or more in R&D.
- According to the same report it is clear that the world’s total nominal R&D spending was approximately one trillion dollar.
- Going by the same study it comes forward that 4 countries each from Asia and Europe featured in the top 10 list however the United States of America held the No. 1 spot
- To counter the continuing economic and financial downturn a large number of EU firms are relying on their R&D to maintain the competitive edge. According to a report they increased R&D investment by 8.9% in 2011, up from 6.1% in 2010. The increase is almost as same as of the US firms (9%) and it is also superior to the Global average of 7.6% and much ahead of Japanese companies (1.7%).