The growing importance of business R&D

One of the most commonly used measures of research and development (R&D) performance is the GERD/GDP ratio or total R&D expenditures (Gross Domestic Expenditures on Research and Development) as a percentage of Gross Domestic Product (GDP). How does Canada compare with the other members of the G-7 and the OECD in terms of its GERD/GDP ratio? From 1989 to 1999, Canada reported the highest level of growth among G-7 countries.