Research and experimental development, all sector summary, Australia, 2004-05

Business and higher education were the biggest contributors in Australia\u27s $15.8 billion outlay on research and experimental development (R&D) in 2004-05, according to this ABS report. This was an increase of 19% or $2.6 billion since 2002-03. More than half of this expenditure came from the business sector with higher education outlaying $4.3 billion (27%). Government sector expenditure on R&D increased by $69 million (2.8%).Business and higher education were the biggest contributors in Australia\u27s $15.8 billion outlay on research and experimental development (R&D) in 2004-05, according to Australian Bureau of Statistics (ABS) figures released today. This was an increase of 19% or $2.6 billion since 2002-03. More than half ($8.4 billion or 54%) of this expenditure came from the business sector with higher education outlaying $4.3 billion (27%). The business sector reported the strongest growth in R&D expenditure since 2002-03 (up $1.5 billion or 23%) followed by the higher education (up $0.9 billion or 25%) and private non-profit sectors (up $0.1 billion or 37%). Government sector expenditure on R&D increased by $69 million (2.8%)