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Research and Development Survey: 2012
Embargoed until 10:45am  –  27 March 2013
Key facts

Changes were made to figures in the government sector on 15 August 2013. See revisions section for more detail.

In 2012:

  • Total research and development (R&D) expenditure was $2.6 billion, up 10 percent from 2010.
  • Business R&D expenditure jumped by 23 percent, to reach $1.2 billion.
  • Nearly half of businesses expected to pay back their R&D investment within two years.
  • Government R&D expenditure dropped, but government funding of business R&D increased by over 70 percent.
  • The amount of R&D performed by the higher education sector remained steady.

Graph, Total research and development expenditure by sector.

 

Geoff Bascand 27 March 2013
Government Statistician ISSN 1178-0657

 

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