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Data Alert: Australia’s business investment in R&D posts steady growth

2 October 2013

Australia’s business research and development (R&D) workforce grew 15 per cent over the year to 2011-12, according to the Australian Bureau of Statistics (ABS).

In its latest Research and Experimental Development, Businesses report, the ABS also said Australia’s business expenditure on R&D (BERD) increased 1.7 per cent to A$18.3 billion in 2011-12, representing compound annual growth of 10.3 per cent over the last 20 years.

Australia’s robust expansion in human resources devoted to R&D and continued growth in BERD reflect a national commitment to innovation, as well as developing new products and services.

Download the Data Alert: Australia’s Business Investment in R&D posts steady growth (PDF)

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