In 2023, BASF spent 2.13 billion euros on research and development, a slight decline in comparison to the previous year. BASF is the largest diversified chemical company worldwide and is headquartered in Ludwigshafen, Germany.
Research and development spending of BASF from 2010 to 2023
(in million euros)
BASF has applied International Financial Reporting Standards 10 and 11 as well as International Accounting Standard 19 (revised) since January 1, 2013. Accordingly, the figure for 2012 was restated; no restatement was made for 2011 or earlier.
The figure for 2017 was restated with the presentation of the oil and gas activities as discontinued operations.
The figure for 2018 was restated with the presentation of the construction chemicals activities as discontinued operations.
This statistic was compiled using several releases of the publication.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
BASF. (February 23, 2024). Research and development spending of BASF from 2010 to 2023 (in million euros) [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. "Research and development spending of BASF from 2010 to 2023 (in million euros)." Chart. February 23, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. (2024). Research and development spending of BASF from 2010 to 2023 (in million euros). Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. "Research and Development Spending of Basf from 2010 to 2023 (in Million Euros)." Statista, Statista Inc., 23 Feb 2024, https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF, Research and development spending of BASF from 2010 to 2023 (in million euros) Statista, https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/ (last visited October 09, 2024)
Research and development spending of BASF from 2010 to 2023 (in million euros) [Graph], BASF, February 23, 2024. [Online]. Available: https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/