Global spending on R&D has reached a record high of almost US$ 1.7 trillion. About 10 countries account for 80% of spending. As part of the Sustainable Development Goals (SDGs), countries have pledged to substantially increase public and private R&D spending as well as the number of researchers by 2030.
Explore the latest available data from the UNESCO Institute for Statistics (UIS), which is monitoring progress globally towards this key SDG target. To evaluate a country’s commitment to R&D, look at spending as a percentage of GDP. You can then see the actual amounts being spent in purchasing power parity dollars (PPP$).
This study and relative infographics from the UNESCO Institute for Statistics shows us how much our governments invest – and not spend – in Research & Development. Those are Italy’s data:
Even if data may seem big, we’re well under the medium … especially if you consider that we’re a G7 economy!!!