New Zealand - R&D expenditure as a share of GDP

1.5 (%) in 2021

In 2021, R&D expenditure as a share of GDP for New Zealand was 1.5 %. R&D expenditure as a share of GDP of New Zealand increased from 1.1 % in 2003 to 1.5 % in 2021 growing at an average annual rate of 2.78%.

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What is R&D expenditure as a share of GDP?

Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications. R&D covers basic research, applied research, and experimental development.

What is New Zealand R&D expenditure as a share of GDP?