Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


R&D Reaches $1.6 Billion


R&D Reaches $1.6 Billion

Total research and development (R&D) expenditure in the 2004 reference period was $1.6 billion, according to the results of the Research and Development Survey 2004, released today by Statistics New Zealand. Research and development expenditure in the 2004 reference period comprised private sector expenditure of $648.1 million, government sector (excluding universities) expenditure of $498.4 million and university expenditure of $454.8 million.

Although not directly comparable with 2002 data due to survey design changes, there has been an increase in total R&D expenditure of 13.1 percent between 2002 and 2004. This increase was largely due to an increase of 24.5 percent in private sector R&D spending. The government (excluding universities) sector increased by 8.4 percent, while the university sector increased by 4.4 percent.

Total R&D expenditure has grown to 1.17 percent of New Zealand’s gross domestic product (GDP) in 2004, which is a relatively low figure by international standards. Australia reported R&D expenditure as 1.62 percent of GDP in 2002, while the OECD average was 2.26 percent.

The Research and Development Survey 2004 was a joint survey sponsored by the Ministry of Research, Science and Technology (MoRST) and conducted by Statistics New Zealand. A full report on the results of the R&D Survey 2004 will be published in July 2005.

Brian Pink Government Statistician

END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news