Business spending on R&D up more than half a billion dollars

Year ” 2008 ” 2010 2012 2014 2016 2018
Business sector 923000000 971000000 1193000000 1246000000 1602000000 2150000000
“Government sector ” 584000000 615000000 596000000 622000000 658000000 784000000
“Higher education sector ” 653000000 802000000 836000000 817000000 877000000 960000000

New Zealand’s R&D spending in 2018 was equal to 1.37 percent of gross domestic product (GDP). Government has committed to raising this to 2 percent of GDP over the next 10 years .

The R&D 2019 survey will be sent to the business sector alone, to allow the measurement of the impact of the new tax incentive. Until 2018, the survey had been conducted every two years.

/Stats NZ Public Release. View in full here.