Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications. R&D covers basic research, applied research, and experimental development.

R&D expenditure as a share of GDP (%)

2000200520102011201220132014201520162017201820192020202120222023
Argentina0.40.40.60.60.60.60.60.60.60.60.50.50.50.50.5
Bolivia0.3
Brazil1.01.01.21.11.11.21.31.41.31.11.21.21.1
Chile0.30.40.40.40.40.40.40.40.40.30.30.4
Colombia0.10.20.20.20.20.30.30.40.30.30.30.30.3
Cuba0.50.50.60.30.40.50.40.40.30.40.50.60.50.30.4
Ecuador0.40.30.30.40.4
Mexico0.30.40.50.50.40.40.40.40.40.30.30.30.30.30.30.3
Panama0.40.20.10.20.10.10.10.10.10.10.10.10.20.20.20.2
Paraguay0.10.00.10.10.10.10.10.10.10.10.20.10.1
Peru0.10.10.10.10.10.10.10.10.10.20.20.10.2
Uruguay0.20.50.30.30.30.30.30.40.40.40.50.60.70.60.6
Venezuela, RB0.20.20.20.30.30.30.40.7