Note: Biotechnology R&D expenditures in the business sector.  For Austria and Germany, only dedicated biotech R&D firms are included. For Canada, this includes medical biotechnology, environmental biotechnology, industrial biotechnology, and agricultural biotechnology. For Latvia, this includes medical biotechnology, environmental biotechnology, industrial biotechnology, and agricultural biotechnology. For the United States, beginning in 2018, statistics are for companies that performed or funded $50,000 or more of R&D. For 2022, the Census Bureau has reviewed the data product for unauthorized disclosure of confidential information and has approved the disclosure avoidance practices applied. For Latvia, this includes medical biotechnology, environmental biotechnology, industrial biotechnology, and agricultural biotechnology.
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Biotechnology R&D expenditure in selected countries 2023
In 2023, biotechnology companies in the United States spent over *** billion U.S. dollars on research and development in total, the highest in comparison to the other OECD countries. Meanwhile, Lativa spent *** U.S. dollars on R&D for biotechnology companies.Â
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OECD. (January 21, 2026). Biotech research and development expenditure in selected countries in 2023 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 15, 2026, from /statistics/379945/country-biotechnology-company-rd-spending/
OECD. "Biotech research and development expenditure in selected countries in 2023 (in million U.S. dollars)." Chart. January 21, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 15, 2026. /statistics/379945/country-biotechnology-company-rd-spending/
OECD. (2026). Biotech research and development expenditure in selected countries in 2023 (in million U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 15, 2026. /statistics/379945/country-biotechnology-company-rd-spending/
OECD. "Biotech Research and Development Expenditure in Selected Countries in 2023 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 21 Jan 2026, /statistics/379945/country-biotechnology-company-rd-spending/
OECD, Biotech research and development expenditure in selected countries in 2023 (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/379945/country-biotechnology-company-rd-spending/ (last visited July 15, 2026)
Biotech research and development expenditure in selected countries in 2023 (in million U.S. dollars) [Graph], OECD, January 21, 2026. [Online]. Available: /statistics/379945/country-biotechnology-company-rd-spending/
