8104.0 - Research and Experimental Development, Businesses, Australia, 2001-02
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 07/08/2003
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Australia's business r&d continues to increase
After the decreases experienced between 1995-96 and 1999-2000, business expenditure on research and development (BERD) as a percentage of GDP has recorded a second successive annual increase, according to figures released today by the Australian Bureau of Statistics.
As a percentage of GDP, BERD has increased in current dollar terms from 0.73% in 2000-01 to 0.78% in 2001-02. Despite the increase, the percentage remains well below the 1995-96 high of 0.87%.
In current dollar terms, BERD increased by 13% between 2000-01 and 2001-02. Over this period, research and development (R&D) expenditure:
In 2001-02, Victoria had the highest percentage (0.98%) of R&D expenditure as a percentage of Gross State Product, followed by New South Wales (0.83%) and South Australia (0.77%).
The states with the highest level of R&D expenditure were New South Wales with $2,071m and Victoria with $1,793m, accounting for 37% and 32% of total R&D expenditure respectively.
Further information is in Research and Experimental Development, Businesses, Australia, 2001-02 (cat. no. 8104.0).
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