Where Data Tells the Story
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This chart tracks gross domestic expenditure on research & development (GERD) from 2007 to 2023 across four major economies: China, the U.S., the EU, and Japan.
The figures are in constant USD purchasing power parity (PPP), meaning that they are adjusted for inflation and account for cost-of-living and price level differences across economies. The data comes from the OECD.