Panama - Research and development expenditure
Research and development expenditure (% of GDP)
Research and development expenditure (% of GDP) in Panama was 0.21 as of 2009. Its highest value over the past 13 years was 0.38 in 2000, while its lowest value was 0.20 in 2007.
Definition: 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. R&D covers basic research, applied research, and experimental development.
Source: United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.
Topic: Infrastructure Indicators