Home > Economic Development, Federal, Government, Report > NSF Innovation Survey – $330 Billion on R&D Spent in 2008

NSF Innovation Survey – $330 Billion on R&D Spent in 2008

U.S companies grossed nearly $11 trillion in worldwide sales and spent $330 billion on R&D in 2008

From the NSF report:

Companies located in the United States reported worldwide sales of $11 trillion in calendar year 2008 and spent $330 billion on research and development (R&D). Nearly $234 billion of the R&D expense was for R&D conducted in company facilities located in the United States. This is according to new figures from the National Science Foundation’s first ever Business R&D and Innovation Survey (BRDIS) developed jointly with the U.S. Census Bureau.

[The new survey] will allow policymakers and industry officials to gain information about worldwide R&D expenses, R&D employee headcount by occupation category, R&D expenses by detailed business segments, and share of R&D devoted to new business areas and new science or technology activities. None of these capabilities existed with the previous survey, which solely focused on domestic R&D and asked few questions about the makeup of industry employees or a company’s ability to innovate technologically in the competitive global marketplace.

NSF Data Table [website]
NSF Press Release [website]

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