This metric reflects the proportion of a nation’s economic output directed towards research and development activities, highlighting the
commitment to innovation and technological advancement. It encompasses a comprehensive range of investments from both public and private sectors, including enterprises, government bodies, academic institutions, and nonprofit organizations. By capturing expenditures across diverse categories such as capital investments in infrastructure and ongoing operational costs, this indicator offers insight into a country's strategic priorities in fostering scientific inquiry, technological progression, and workforce development. Furthermore, trends in this metric can signal a nation’s capacity to compete in a global economy increasingly driven by knowledge and innovation, ensuring sustained economic growth and societal benefits.
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