8104.0 - Research and Experimental Development, Businesses, Australia, 2010-11 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 11/09/2012   
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MEDIA RELEASE
11 September 2012
Embargo: 11:30 am (Canberra Time)
142/2012

Business spending on research and development reaches $17.9 billion

Business spending on research and experimental development (R&D) reached $17.9 billion in 2010-11, according to the Australian Bureau of Statistics (ABS). This was an increase of 7% from the previous year.

Businesses in the manufacturing industry reported the largest growth in R&D expenditure, increasing by $499 million over the last financial year. This was followed by the professional, scientific and technical services industry which increased by $140 million.

The major contributors to R&D expenditure were the manufacturing (27%) and mining (21%) industries. Financial and insurance services and professional, scientific and technical services industries contributed 15% each.

While all states and territories reported increased expenditure on R&D, growth since 2009-10 was strongest in Queensland (up $322 million), Western Australia (up $265 million), and New South Wales (up $255 million).

Between 2009-10 and 2010-11, business expenditure on R&D as a proportion of GDP decreased from 1.30% to 1.28%.

Further information is available in Research and Experimental Development, Businesses, Australia, 2010-11 (cat. no. 8104.0).

Media note:

  • When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source