R&D expenditure (% of GDP) in South America in 2014 — 0.9%. Since 2011, the indicator has risen by 0.09 pp.
2011–2014 · % of GDP
How the value compares with the world and the groups this territory belongs to: South America
| Year | % | Change, pp |
|---|---|---|
| 2014 | 0.9 | +0.05 pp |
| 2013 | 0.84 | +0.06 pp |
| 2012 | 0.79 | −0.02 pp |
| 2011 | 0.81 | — |
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.