In 2024, BASF spent 2.06 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.
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.
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BASF. (March 21, 2025). Research and development spending of BASF from 2010 to 2024 (in million euros) [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. "Research and development spending of BASF from 2010 to 2024 (in million euros)." Chart. March 21, 2025. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. (2025). Research and development spending of BASF from 2010 to 2024 (in million euros). Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF. "Research and Development Spending of Basf from 2010 to 2024 (in Million Euros)." Statista, Statista Inc., 21 Mar 2025, https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
BASF, Research and development spending of BASF from 2010 to 2024 (in million euros) Statista, https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/ (last visited June 06, 2025)
Research and development spending of BASF from 2010 to 2024 (in million euros) [Graph], BASF, March 21, 2025. [Online]. Available: https://www.statista.com/statistics/281124/expenditure-on-research-and-development-at-basf/
