“Back in the ‘60s, we used to invest a little over 2% of our entire (gross domestic product) in pure research and investment in science. Today it’s 0.7%.”
Joe Biden
president. a press conference. Claim dated 25 Mar 2021.
PolitiFact rated thisThis is accurate
What PolitiFact found
Data from the National Science Foundation shows that federal spending as a percentage of gross domestic product hit a high of almost 1.9% in 1964 and has generally fallen since then, to 0.6% in 2017.
Their words, from the summary they publish with the rating.
In short
Joe Biden (president) made this claim around 25 March 2021. PolitiFact (United States) looked into it and published its finding on 25 March 2021. Its rating was “This is accurate”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.