R&D expenditures as a percentage of GDP reached 1.26 % in 2015 in New Zealand, according to World Bank. This is 9.4 % more than in the previous year.
Historically, R&D expenditures as a percentage of GDP in New Zealand reached an all time high of 1.26 % in 2015 and an all time low of 0 % in 1998. When compared to New Zealand's main peers, R&D expenditures as a percentage of GDP in Australia amounted to 1.92 % and 1.30 % in Malaysia in 2015.
New Zealand has been ranked 30th within the group of 99 countries we follow in terms of R&D expenditures as a percentage of GDP, 5 places behind the position seen 10 years ago.
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.