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Federal Funding of Basic Research

Average Annual Growth Rates for Federal Obligations for Basic Research

This table gives the average annual rate of growth in basic research support by period. This annual growth rate is calculated by considering the federal obligation in a given year, denoted as Year 1 (for example, 1952), observing the federal obligation in a later year, denoted as Year 2 (for example, 1959), and then calculating the annual compound interest rate needed to obtain the federal obligation in Year 2, starting with the amount obligated in Year 1. The formula for this rate in percent is Rate = ((Year 2 $/Year 1 $)^(1/# of years)-1)*100.

The calculations are done in constant dollars, using 1992 as the base year.

______________________________________________________________________  Period	 Number		 Year 1 ($)	 Year 2 ($)	 Rate(Year 1-Year 2)	of Years	(thousands)	(thousands)	  %1952-1959	   7		   608,988	 2,024,244	18.7191953-1959	   6		   573,391	 2,024,244	23.3961960-1969	   9		 2,541,429	 6,840,566	11.6301970-1979	   9		 6,434,708	 7,701,442	 2.0171980-1989	   9		 7,884,879	11,853,769	 4.6341990-1999	   9		12,115,595	14,754,012	 2.2131960-1989	  29		 2,541,429	11,853,769	 5.4541960-1999	  39		 2,541,429	14,754,012	 4.6131970-1989	  19		 6,434,708	11,853,769	 3.2681970-1999	  29		 6,434,708	14,754,012	 2.9031980-1999	  19		 7,884,879	14,754,012	 3.3531990-1997	   7		12,115,595	13,376,231	 1.4241990-1998	   8		12,115,595	13,435,288	 1.3011996-1998	   2		13,176,369	13,435,288	 0.9781996-1999	   3		13,176,369	14,754,012	 3.8421997-1999	   2		13,376,231	14,754,012	 5.024______________________________________________________________________Average Annual Growth Rates for Federal Obligations for Basic Research,NATIONAL SCIENCE FOUNDATIONPeriod		 Number		Year 1 ($)	Year 2 ($)	Rate(Year 1-Year 2)	of Years	(thousands)	(thousands)	%1953-1959	   6		    12,333	   235,613	63.5021960-1969	   9		   294,520	   870,872	12.8021970-1979	   9		   818,500	 1,346,905	 5.6901980-1989	   9		 1,375,246	 1,747,125	 2.6951990-1998	   8		 1,702,926	 1,897,018	 1.3581996-1998	   2		 1,824,795	 1,897,018	 1.960__________________________________________________________________________________Average Annual Growth Rates for Federal Obligations for Basic Research,NATIONAL SCIENCE FOUNDATION and NATIONAL INSTITUTES OF HEALTHPeriod	  Number     NIH	  NIH	   Rate	     NSF	  NSF	     Rate(Year 1-  of Yrs  Year 1 ($)   Year 2 ($)   %      Year 1 ($)   Year 2 ($)    %Year 2)		 (thousands)  (thousands)         (thousands)  (thousands)	1970-1979   9	  1,481,363    2,685,694   6.834     816,590     1,345,422   5.7051980-1989   9	  2,769,546    4,533,889   5.629   1,374,783     1,747,907   2.7041990-1998   8     4,572,640    6,038,349   3.537   1,702,013     1,850,737   1.053__________________________________________________________________________________


Data compiled by
Samuel M. Rankin, III
Director, AMS Washington Office
tel: 202-588-1100
email: smr@ams.org
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