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R&D spending in 2011 grew faster than GDP, NSF finds

The National Science Foundation has increased its 2011 estimates of America’s R&D performance based on extra data it has collected. The analysis has also caused the NSF to improve the nation’s R&D performance estimate for 2012.

“These new data put US R&D expenditures at $428.2 billion in 2011, an increase of $20.5bn over 2010,” the agency announced in a notice posted on 3 January. The preliminary estimate of the total expenditure for R&D in the United States in 2012 is $452.6bn.

After accounting for inflation, the NSF found that the nation’s R&D grew at a faster rate than its GDP in 2011, at 2.8 per cent versus 1.8 per cent. The agency said preliminary data for 2012 indicate similar findings at 3.8 per cent and 2.2 per cent, respectively.

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