U.S. Corporate R&D Investment, 1994 – 1999 with Advance Estimates for 2000

The Commerce Department’s Office of Technology Policy report indicates research and development investment in 2000 rose sharply by 9.3 percent in inflation-adjusted terms, increasing from $145.6 billion in 1999 to an estimated $162.7 billion in 2000. The increase reverses a five-year trend of slowing annual percentage increases in corporate R&D investment and approaches the high of a 10.2 percent annual increase set in 1995.