Analysis
U.S. R&D Increased by $72 Billion in 2021 to $789 Billion; Estimate for 2022 Indicates Further Increase to $886 Billion
January 22, 2024
Research and experimental development (R&D) performed in the United States totaled $789.1 billion in 2021 and performer-reported expectations for 2022 are estimating a further rise to $885.6 billion—a potential increase of $96.5 billion. Businesses notably reported a projected $84.1 billion increase in 2022 R&D performance above 2021.
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