R&D Share of GDP Grows
Total annual research and development (R&D) expenditures — expected to pass $247 billion in 1999 — have grown 7.2 percent over 1998 levels (adjusted for inflation), according to a recent Data Brief from the National Science Foundation. Growth in R&D expenditures has been accelerating since 1995. The annual real R&D growth for 1995-99 is expected to average 6.1 percent. Almost all of the growth is attributed to a resurgence in industrial R&D.