Performance Measure
Agency
Measure Name
Ratio of Virginia Research & Development dollars to the State's Gross Domestic Product (GDP)
Measure Last Modified
Apr 20 2017 04:34
Measure Last Published
Mar 26 2019 12:51
Measure Status
Retired
Data Source and Calculation
Data from the National Science Foundation, Science (NSF) and Engineering Indicators State Data Tool, and posted to Virginia's Innovation Dashboard. The information source can be found on www.cit.org under Initiative tab. Virginia Research & Development (R&D) intensity measures federal, business, university, other nonprofit, and state R&D performed as a percentage of state gross domestic product (GDP). This information is published with a 4 year lag and published on a calendar year basis.
Enterprise Priorities and Strategies
Enterprise InitiativeEnterprise PriorityEnterprise Strategy
EconomyDiversificationAttract businesses to the Commonwealth that operate in new and growing fields in the 21st century economy. Targeted areas include cyber security and biosciences.
Associated Service Areas
SA CodeSA Name
53416Commonwealth Research Commercialization Services
53419Technology Industry Development Services
Measure ID934.0003
Measure ClassAgency Key
Measure TypeOutcome
Year TypeCalendar
Preferred TrendIncrease
FrequencyAnnually
Statistical UnitPercentage
Baseline and Targets
Target NameDateResultNote
Baseline
Short Target 2020
Long Target 2022
Measure Results
YearResultExplanatory Note
2013
2014
2015
20162.00This metric is on a 4 year lag and is updated every two years. The information reported reflects 2012 data. As a lagging indicator, this likely reflects the loss of federal research dollars mainly due to sequestration and the end of the federal fiscal stimulus.
2017Measure replaced with Research and Development Intensity of Virginia Universities.
- Run Date: 09/14/2021 12:04:47