General Electric's research and development costs overall decreased from the fiscal year of 2011 to the fiscal year of 2023. In the fiscal year of 2021, the company incurred around 3.5 billion U.S. dollars in research and development costs.
General Electric's research and development costs from FY 2011 to FY 2023
(in billion U.S. dollars)
Characteristic
Research and development costs in billion U.S. dollars
The figures for 2011 through 2017 were taken from previous editions. The values have been rounded. Overall research and development costs are funded by General Electric and its customers and partners.
The figures before 2023 included the company's healthcare segment. However, on January 3, 2023, GE completed the planned separation of its healthcare business, launching GE HealthCare Technologies Inc.
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General Electric. (February 2, 2024). General Electric's research and development costs from FY 2011 to FY 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/
General Electric. "General Electric's research and development costs from FY 2011 to FY 2023 (in billion U.S. dollars)." Chart. February 2, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/
General Electric. (2024). General Electric's research and development costs from FY 2011 to FY 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/
General Electric. "General Electric's Research and Development Costs from Fy 2011 to Fy 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Feb 2024, https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/
General Electric, General Electric's research and development costs from FY 2011 to FY 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/ (last visited December 23, 2024)
General Electric's research and development costs from FY 2011 to FY 2023 (in billion U.S. dollars) [Graph], General Electric, February 2, 2024. [Online]. Available: https://www.statista.com/statistics/261523/research-and-development-spending-of-general-electric/
