NewsU.S. R&D reached $937 billion in 2023
NCSES, the U.S. National Science Foundation’s statistics center, reported domestic research and experimental development spending of $937 billion in 2023. It estimated $993 billion for 2024.
Event / data period: 2023
Published: · Updated:
IllustrationThe 2023 total comprised $138 billion in basic research, $174 billion in applied research and $625 billion in experimental development. The 2024 figure is an estimate, not a final observation.
The report covers business, government, higher education and nonprofit R&D. A change in business reporting affected the preliminary 2023 estimate.
Data
Reported indicators
Selected numerical indicators for the scope and period defined by the source.
- Total domestic U.S. R&D
- 937 US$ billion
- 2023 · Observed
- Basic research
- 138 US$ billion
- 2023 · Observed
- Total domestic U.S. R&D (estimate)
- 993 US$ billion
- 2024 · Estimate
Methodology
NCSES combines national R&D surveys and related administrative data; the 2024 business-sector estimate uses 2023 reports and trends.
Updated: