Venezuela (Bolivarian Republic of) - Research and development expenditure as a share of GDP

0.3 (%) in 2014

In 2014, R&D expenditure for Venezuela (Bolivarian Republic of) was 0.3 %. Though Venezuela (Bolivarian Republic of) R&D expenditure fluctuated substantially in recent years, it tended to increase through 2005 - 2014 period ending at 0.3 % in 2014.

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What is R&D expenditure?

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.

What is Venezuela (Bolivarian Republic of) R&D expenditure?