Innovation is a principal driver of U.S. economic growth. In 2022, the U.S. will spend nearly $600 billion on research and development, more than any other country in the world and more than 25 percent of the world's total.
The United States is far and away the world leader in R&D spending. In 2019, the U.S. spent $612.7 billion on R&D, more than any other country. We spent 19 percent more than China, four times more than Japan, five times more than Germany, and six times more than South Korea.
