Canadian Investment Review

Chart of the Week: Canada Lags in R&D Spending

Written by Caroline Cakebread on Tuesday, November 28th, 2017 at 11:41 am

research-paper-writingWhich countries are spending on most of research and development? An interactive tool on Ourworldindata.org crunches available numbers to rank countries on how much they’re investing in the future. Turns out South Korea tops the list with R&D spending as a share of GDP standing at 4.3% – Israel is next at 4.1% followed by Japan (3.6%), Sweden (3.2%), Switzerland (3%), Germany (2.7%) and China (2%).

Canada’s R&D sits at a lowly 1.61% – on par with the UK, at 1.7%. You can view an interactive version of this graph here.

 

 

 

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