SWGHFSWGHFOTC
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Research and development spending
3Y CAGR
-19.8%/yr
vs +13.8%/yr prior
5Y CAGR
-1.4%/yr
Recent deceleration
Acceleration
-33.6pp
Decelerating
Percentile
P50
Within normal range
vs 5Y Ago
0.9x
Contraction
Streak
1 yr
Consecutive growthStable
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $12.59B | +3.3% |
| 2024 | $12.19B | -24.2% |
| 2023 | $16.09B | -34.1% |
| 2022 | $24.41B | +75.8% |
| 2021 | $13.88B | +2.9% |
| 2020 | $13.49B | -19.1% |
| 2019 | $16.67B | +14.7% |
| 2018 | $14.53B | +100.8% |
| 2017 | $7.24B | -9.7% |
| 2016 | $8.02B | - |