TONPFTONPFOTC
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Research and development spending
3Y CAGR
+2.5%/yr
vs +8.7%/yr prior
5Y CAGR
+9.5%/yr
Recent deceleration
Acceleration
-6.2pp
Decelerating
Percentile
P86
Within normal range
vs 5Y Ago
1.6x
Solid growth
Streak
1 yr
Consecutive declineStrong
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $20.53B | -5.4% |
| 2024 | $21.71B | +5.7% |
| 2023 | $20.54B | +7.6% |
| 2022 | $19.08B | +18.7% |
| 2021 | $16.08B | +23.1% |
| 2020 | $13.06B | +2.9% |
| 2019 | $12.70B | -7.1% |
| 2018 | $13.67B | +2.8% |
| 2017 | $13.29B | -4.0% |
| 2016 | $13.85B | - |