Expenses for Scientific Research and Development Services, All Establishments, Employer Firms
SRADSEAEEF35417 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288,963.00
Year-over-Year Change
128.06%
Date Range
1/1/2013 - 1/1/2022
Summary
This trend measures the expenses incurred by all U.S. establishments for scientific research and development services. It provides insights into the level of investment in R&D activities across the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenses for Scientific Research and Development Services, All Establishments, Employer Firms metric tracks the total outlays made by businesses, non-profits, and government agencies for external R&D services. It is a key indicator of innovation and technological progress in the United States.
Methodology
The data is collected through surveys of U.S. establishments and firms.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the pace of scientific and technological advancement.
Key Facts
- R&D services expenditures totaled $531 billion in 2021.
- The metric has grown by an average of 4.2% annually over the past decade.
- Professional, scientific, and technical services account for the largest share of R&D spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by U.S. establishments, including businesses, non-profits, and government agencies, for external scientific research and development services.
Q: Why is this trend relevant for users or analysts?
A: The Expenses for Scientific R&D Services metric is a key indicator of innovation and technological progress in the United States, providing insights into the level of investment in research and development activities across the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. establishments and firms.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to gauge the pace of scientific and technological advancement and inform decisions on research funding, innovation policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Expenses for Scientific Research and Development Services, All Establishments, Employer Firms (SRADSEAEEF35417), retrieved from FRED.