National Research and Development
Investment (Percent of GDP)
Investment in research and development (R&D) serves as the foundation of innovation. The U.S. R&D
investment as a percentage of gross domestic product (GDP) has leveled off in the past decade. At the
same time other nations are increasing their investment, most substantially Japan, South Korea, and China.
China’s investment, for example, has more than doubled from 0.6% in 1996 to 1.5% in 200733.
“(we) will launch a new effort to conquer a disease that has touched the life of
President Barack H. Obama
nearly every American, including me, by seeking a cure for cancer in our time.”
Address to Joint Session of Congress, February 2009