University spending on research and development in all fields totaled $65.8 billion in FY 2012. When adjusted for inflation, higher education R&D declined by 1.1% in FY 2012. This represents the first constant-dollar decline since FY 1974 and ends a period of modest growth during FYs 2009–11, when R&D expenditures increased an average of 5% each year. Data for this InfoBrief are from the National Science Foundation's Higher Education Research and Development Survey.
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