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U.S. Industrial R&D Expenditures Peak in 2000, NSF Reports
U.S. companies had $199.5 billion in R&D investment in 2000, a 9 percent increase over the 1999 total, according to the annual Survey of Industrial Research and Development published by the National Science Foundation (NSF). The survey data is presented in a recent NSF InfoBrief, which shows the total industrial R&D increase to be 7 percent after adjusting for inflation.
Company funding of R&D rose from $160.2 billion in 1999 to $180.4 billion in 2000 – a 13 percent increase – and continued its steady climb since 1953, the report notes. Meanwhile, federal funding of industrial R&D contributed to the overall increase despite falling from $22.5 billion in 1999 to $19.1 billion in 2000, a 15 percent decrease. After adjusting for inflation, company-funded R&D experienced a 10 percent increase, and federal investment dropped 17 percent.
Manufacturing accounted for the majority of company-funded industrial R&D in 2000, NSF reports. Sixty-one percent, or $110.8 billion, may be attributed to manufacturing industries, while 39 percent was accounted for by companies in nonmanufacturing industries, or $69.7 billion.
The full InfoBrief, NSF 03-306, is available at: http://www.nsf.gov/pubsys/ods/getpub.cfm?nsf03306