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Canada is the top country by R&D expenditure in the world. As of 2017, R&D expenditure in Canada was 1.5 %. The top 5 countries also includes Serbia, Hong Kong, Egypt, and Belarus.The description is composed by our digital data assistant.
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.