Research and Experimental Development, Higher Education Organisations, Australia

Expenditure on R&D performed by Australian higher education organisations during the 2024 calendar year was $16,404 million.
Compared to 2022, Higher Education Expenditure on R&D (HERD) increased by 17% in current price terms and by 7% in chain volume terms.
HERD as a proportion of GDP increased from 0.54% in 2022 to 0.59% in 2024.
44% of HERD was in the health and medical research fields of Biomedical and clinical sciences, Health sciences and Biological sciences.