Canada's GERD slips as economic growth outstrips R&D performance


Canada's surging economy is growing even faster than overall R&D spending, pushing the GERD-to-GDP ratio back to 1.94 in 2006 — the lowest level in six years. The latest data from Statistics Canada show that despite the declining GERD, Canada now ranks 11th among OECD nations with R&D expenditures of $28.

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