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Impact

Our Economy

NIH is a powerful economic engine investing nearly $30.1 billion annually in medical research for the American people. In fiscal year 2012, NIH-funded research supported an estimated 402,000 jobs all across the United States.

Photo of 4 people in the uniforms of different career paths.

The economic impact of NIH does not end there. It has been estimated that every $1 of NIH funding generates about $2.21 in local economic growth. Also, discoveries arising from NIH-funded research serve as a foundation for the entire U.S. biomedical industry. Long considered the world’s leader in innovation, that vital sector exports an estimated $90 billion in goods and services annually and employs 1 million U.S. citizens with wages totaling an estimated $84 billion.

Consider the economic payoff of just one NIH-supported research initiative: the successful effort to read all the letters in the human DNA instruction book. The U.S. government’s $4 billion investment in the Human Genome Project spurred an estimated $965 billion in economic growth from 1988-2012—a 178-fold return on investment, after adjusting for inflation.

Learn More

NIH by State 2014 External Web Site Policy, United for Medical Research, 2014.

Fact sheet: Impact of Sequestration on the National Institutes of Health

NIH Research’s Impact on the Economy (PDF - 76KB)

NIH FY2014 Budget Request

Video of NIH Director Francis Collins and others testifying on NIH FY2014 Budget Request External Web Site Policy , May 15, 2013

University Research Funding: Still Lagging and Showing No Signs of Improvement (PDF - 3.9MB) External Web Site Policy , The Information Technology & Innovation Foundation, 2013

Sparking Economic Growth 2.0: Companies Created from Federally Funded University Research, Fueling American Innovation and Economic Growth (PDF - 4.9KB) External Web Site Policy , The Science Coalition, 2013

Profiles of Prosperity: How NIH-Supported Research is Fueling Private Sector Growth and Innovation External Web Site Policy , United for Medical Research, 2013

The Impact of Genomics on the U.S. Economy External Web Site Policy , Battelle Technology Partnership Practice for United for Medical Research, 2013

Leadership in Decline (PDF - 1.8MB) External Web Site Policy , The Information Technology & Innovation Foundation and United for Medical Research, 2012

Not Coming to America
(PDF - 1.6MB)
, The Partnership for a New American Economy, 2012

NIH’s Role in Sustaining the US Economy External Web Site Policy , United for Medical Research, 2012

An Economic Engine External Web Site Policy , United for Medical Research, 2011

Economic Impact of the Human Genome Project External Web Site Policy , Battelle Technology Partnership Practice, 2011

This page last reviewed on September 11, 2014

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