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U.S. R&D Reaches Record High of $499B in 2015, NSF Estimates
The National Science Foundation (NSF) estimates that U.S. research and development (R&D) funding reached an all-time high of $499.3 billion in 2015 – an increase of approximately $21.6 billion over 2014 levels ($477.7 billion). The $21.6 billion increase marks the third time in three years that overall U.S. R&D funding grew by more than $20 billion – $20.4 billion in 2013 and $21.1 billion in 2014.
While overall R&D funding increased from 2014 to 2015, federally sponsored R&D fell to a record-low of 23 percent or $113 billion in 2015 – the lowest percentage share since 1953. The growth was mostly driven by the business sector reaching a record high 69 percent share of R&D funding ($355 billion). The $355 billion invested in R&D by businesses continues a long-term trend of private industry financing the majority of R&D activities in the U.S.
NSF also reports that adjusted for inflation, growth in U.S. total R&D averaged 1.2 percent annually over the 6-year period (2008 to 2014), matching the average pace of U.S. gross domestic product (GDP). The 2015 estimates are based upon on performer-reported projections.
nsf, r&d