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R&D Expenditures (As % of GDP) in Ecuador

Source: World Bank
Last Updated: Jul 1, 2021

R&D expenditures as a percentage of GDP reached 0.443 % in 2014 in Ecuador, according to World Bank. This is 16.5 % more than in the previous year.

Historically, R&D expenditures as a percentage of GDP in Ecuador reached an all time high of 0.443 % in 2014 and an all time low of % in. When compared to Ecuador's main peers, R&D expenditures as a percentage of GDP in Brazil amounted to 1.27 %, 0.306 % in Colombia, 0.141 % in Panama and 0.108 % in Peru in 2014.

Ecuador has been ranked 56th within the group of 92 countries we follow in terms of R&D expenditures as a percentage of GDP.

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.


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