Business spending on R&D in Australia

The Australian Bureau of Statistics report found business expenditure on R&D (BERD) was $18.17 billion in 2019-20, slightly below the $18.32 billion that businesses spent in 2011-12 at today’s prices.

The report analysed expenditure and human resources devoted to Research and Experimental Development (R&D) carried out by businesses in Australia for the 2019-20 financial year which included pre-COVID conditions as well as during the pandemic.

The statistics presented were compiled from data collected in the Survey of Research and Experimental Development (R&D), Businesses. The Survey of R&D, Businesses is a biennial survey.

Manufacturing topped the six Socio-Economic Objectives (SEO) which classifies R&D expenditure based on the area in which the purpose or the outcome of the R&D is perceived – most of which was in health and bio sciences.