EXPENDITURE ON R&D
In 2001-02, Business Expenditure on R&D (BERD) was estimated to be $5,546m at current prices, 13% higher than that recorded in 2000-01. This is the highest level recorded and is the second successive year of significant increase following the declines from 1995-96 to 1998-99 and the levelling off between 1998-99 and 1999-2000.
In volume terms, with the effect of changes in prices and wages and salaries removed, R&D expenditure increased by 8% compared with 2000-01. The 2001-02 expenditure in volume terms is 4% above the previous peak level of 1995-96.
EXPENDITURE ON R&D
The Mining industry recorded a 16% increase in R&D expenditure while expenditure by the Manufacturing industry increased by 10%. The Wholesale and retail trade, the Property and business services and the Scientific research industries recorded increases of 14%, 21% and 27% respectively while the Finance and insurance industry recorded a decrease of 19%.
The change in BERD between 2000-01 and 2001-02 resulted from:
HUMAN RESOURCES DEVOTED TO R&D
Human resources devoted to R&D in 2001-02 totaled 30,389 person years, 7% higher than in 2000-01.
- Approximately 2,800 businesses which undertook expenditure in both years, incurring $4,527m of R&D expenditure in 2000-01 and $4,940m in 2001-02, an increase of 9%. Not all businesses increased their expenditure in 2001-02; 45% of continuing R&D performers recorded increases in expenditure of 10% or more, while 33% recorded decreases of 10% or more.
- Approximately 800 businesses which recorded $391m of R&D expenditure in 2000-01, not reporting any R&D in 2001-02.
- Approximately 1,000 businesses which did not report R&D expenditure in 2000-01, recording $606m in 2001-02.
RESOURCES DEVOTED TO R&D
|At current prices ($m)|
|Chain volume measures (a) ($m)|
|Human resources (person years)|
(a) Reference year for chain volume measures is 2000-01. See paragraph 20 of the Explanatory Notes.