This document presents data and statistics on research and development (R&D) expenditures and their relationship to development outcomes. It shows that average gross expenditures on R&D as a percentage of GDP vary by region, with Latin America and the Caribbean spending less than Europe and Central Asia or East Asia and Pacific. Data at the country level indicates varying levels of investment in basic research, applied research, and experimental development. Charts show Brazil's increasing R&D expenditures have outpaced GDP growth. Global competitiveness rankings from the World Economic Forum also vary significantly between countries and regions. Analysis of the data found institutional quality to be highly correlated with R&D measures like university-industry collaboration.