Academic Research and Development (R&D) per $1,000 of Gross Domestic Product | National Science Foundation

S-46 Academic Research and Development (R&D) per $1,000 of Gross Domestic Product

Description

This indicator represents the ratio of R&D expenditures at a state’s colleges and universities to the size of the state’s economy. Academic R&D performers account for slightly more than half of basic research, about one-third of total research (basic plus applied), and roughly 15% of all R&D conducted in the United States. Data on academic R&D are provided by the National Center for Science and Engineering Statistics Higher Education Research and Development Survey and represent R&D at U.S. colleges and universities with over $150,000 in R&D expenditures.

This indicator represents the ratio of R&D expenditures at a state’s colleges and universities to the size of the state’s economy. Academic institutions are the largest performers of basic research conducted in the United States but account for a smaller share of total R&D performance. Academic R&D can be a valuable basis for future economic development, and many R&D-intensive institutions of higher learning view regional economic development as an integral part of their mission.

Data on academic R&D are provided by the National Center for Science and Engineering Statistics Higher Education Research and Development Survey and represent R&D at U.S. colleges and universities with over $150,000 in R&D expenditures.

Data sources: National Center for Science and Engineering Statistics, Higher Education Research and Development Survey; Bureau of Economic Analysis, Gross Domestic Product data; Government of Puerto Rico, Office of the Governor, gross domestic product data.