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

R&D expenditure (% of GDP) — Venezuela

R&D expenditure (% of GDP) in Venezuela in 2014 — 0.34%. Ranked 62 in the world out of 91. Since 2005, the indicator has risen by 0.15 pp.

2014 0.34% +0.02 pp vs 2013
World rank 62of 91
Period maximum 0.34%2014
Period minimum 0.15%2011

Trend over time

2005–2014 · % of GDP

R&D expenditure (% of GDP) — Venezuela, 2005–20140.150.20.250.30.3520052006200720082009201020112012201320142005: 0.19%2006: 0.32%2007: 0.2%2008: 0.24%2009: 0.24%2010: 0.19%2011: 0.15%2012: 0.25%2013: 0.32%2014: 0.34%
Change over the period: +0.15 pp Annual average: 0.02 pp

Comparison, 2014

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 0.34%
World 2.09%
South America computed 0.9%
R&D expenditure (% of GDP) — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2014 0.34 +0.02 pp
2013 0.32 +0.07 pp
2012 0.25 +0.1 pp
2011 0.15 −0.04 pp
2010 0.19 −0.05 pp
2009 0.24 +0 pp
2008 0.24 +0.04 pp
2007 0.2 −0.12 pp
2006 0.32 +0.13 pp
2005 0.19

South America, 2014

The same indicator for neighboring countries — with links to their pages

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.