United Kingdom R&D Expenditure
2.7%▼ −0.08 pt
Dec 2023 · Annual
United Kingdom's research and development expenditure as a share of GDP fell to 2.68% in 2023, down from 2.75% in 2022. The figure remains below the all-time high of 2.94% recorded in 2020 and above the series low of 1.53% from 2004. The series dates back to 1996.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.7% | 2.8% | 2.9%Dec 2020 | 1.5%Dec 2004 | 1996 – 2023 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| ICT Goods Exports | 3.4% | 3.3% | 18.9% | 3.2% | Dec 2024 | Annual |
| High-Tech Exports | 29.2% | 28.9% | 29.2% | 20.5% | Dec 2024 | Annual |
About this series
R&D Expenditure in United Kingdom averaged 1.9% from 1996 until 2023, reaching an all-time high of 2.9% in Dec 2020 and a record low of 1.5% in Dec 2004. The series is reported yearly with history from 1996.
Research and development expenditure as a percentage of GDP measures gross domestic spending on R&D activities in the United Kingdom. The indicator is expressed as a percentage of GDP and reported annually. The series spans from 1996 to 2023.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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