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# R&D Spending Passes 5bn Dollars
- URL: https://goodoil.news/rd-spending-passes-5bn-dollars/
- Published: 2023-04-29T21:30:00.000Z
- Updated: 2023-04-29T02:40:10.000Z
- Author: Guest Post
- Tags: NZ, #wp, #wp-post, #Import 2024-07-16 22:34

[stats.govt.nz](https://www.stats.govt.nz/news/research-and-development-expenditure-passes-five-billion-dollars/?ref=goodoil.news)

Total research and development (R&D) expenditure reached over five billion dollars in 2022, according to figures released by Stats NZ today.

![](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/wp-content/uploads/2023/04/image_2023-04-29_102037868.png)

Image credit: [stats.govt.nz](https://www.stats.govt.nz/news/research-and-development-expenditure-passes-five-billion-dollars/?ref=goodoil.news)

![](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/wp-content/uploads/2023/04/image_2023-04-29_102120202.png)

Image credit: [stats.govt.nz](https://www.stats.govt.nz/news/research-and-development-expenditure-passes-five-billion-dollars/?ref=goodoil.news)

Expenditure on R&D increased by 11 per cent ($534 million) compared with 2020, and by 67 per cent ($2 billion) compared with 2016\. This covers the business, government and higher education sectors.

“Growth in R&D expenditure has been driven by the business sector – nearly doubling what they spent between 2016 and 2022,” business performance manager Ricky Ho said.

R&D expenditure in the business sector grew by $1.5 billion compared with 2016 and accounted for 59 per cent of total R&D expenditure in 2022\. The number of businesses reporting R&D expenditure in 2022 was approximately 2,300, which grew by 45 per cent compared with 2016.

The average expenditure per business has increased from $1.0 million in 2016 to $1.3 million in 2022.

![](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/wp-content/uploads/2023/04/image_2023-04-29_102242670.png)

Image credit: [stats.govt.nz](https://www.stats.govt.nz/news/research-and-development-expenditure-passes-five-billion-dollars/?ref=goodoil.news)

![](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/wp-content/uploads/2023/04/image_2023-04-29_102311240.png)

Image credit: [stats.govt.nz](https://www.stats.govt.nz/news/research-and-development-expenditure-passes-five-billion-dollars/?ref=goodoil.news)

Within the business sector, the scientific research and technical services industry saw the greatest growth between 2016 and 2022, with expenditure increasing from $75 million to $321 million. This industry contributed six per cent to total R&D expenditure in 2022.

Expenditure since 2016 also continued to grow in the government (up 37 per cent) and higher education sectors (up 43 per cent). Government expenditure was $900 million and higher education was $1.3 billion in 2022.

#### Information about the survey

The research and development survey 2022 surveyed the business, government and higher education sectors between August and December 2022 about their R&D activity in their last financial year. Data on expenditure refers to R&D carried out within the entity, as opposed to the entity funding another entity to undertake R&D.

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