R&D expenditure (% of GDP) — all countries

R&D expenditure (% of GDP) — Latin America & Caribbean

R&D expenditure (% of GDP) in Latin America & Caribbean in 2023 — 0.68%. Since 2000, the indicator has risen by 0.12 pp.

2023 0.68% +0.03 pp vs 2022
World rank
Period maximum 0.75%2014
Period minimum 0.52%2002

Trend over time

2000–2023 · % of GDP

R&D expenditure (% of GDP) — Latin America & Caribbean, 2000–20230.50.60.70.82000200320062009201220152018202120232000: 0.56%2001: 0.53%2002: 0.52%2003: 0.55%2004: 0.56%2005: 0.58%2006: 0.58%2007: 0.62%2008: 0.67%2009: 0.69%2010: 0.73%2011: 0.71%2012: 0.68%2013: 0.71%2014: 0.75%2015: 0.73%2016: 0.69%2017: 0.65%2018: 0.64%2019: 0.63%2020: 0.64%2021: 0.62%2022: 0.66%2023: 0.68%
Change over the period: +0.12 pp Annual average: 0.01 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean 0.68%
World 2.6%
R&D expenditure (% of GDP) — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year % Change, pp
2023 0.68 +0.03 pp
2022 0.66 +0.04 pp
2021 0.62 −0.03 pp
2020 0.64 +0.02 pp
2019 0.63 −0.01 pp
2018 0.64 −0.01 pp
2017 0.65 −0.04 pp
2016 0.69 −0.04 pp
2015 0.73 −0.02 pp
2014 0.75 +0.04 pp
2013 0.71 +0.03 pp
2012 0.68 −0.03 pp
2011 0.71 −0.02 pp
2010 0.73 +0.04 pp
2009 0.69 +0.03 pp
2008 0.67 +0.05 pp
2007 0.62 +0.04 pp
2006 0.58 −0 pp
2005 0.58 +0.03 pp
2004 0.56 +0 pp
2003 0.55 +0.04 pp
2002 0.52 −0.02 pp
2001 0.53 −0.03 pp
2000 0.56

About the indicator

Gross domestic expenditure on research and development (R&D) as a percentage of GDP — all current and capital spending by business, government, universities and nonprofit organizations on basic and applied research. The threshold of 3% of GDP is the target adopted in the EU; the leaders (Israel, South Korea) exceed 4.5%.

Source: UNESCO Institute for Statistics (UIS), license CC BY-SA 3.0 IGO.