Menu
​ICT leads way in New Zealand R&D surge

​ICT leads way in New Zealand R&D surge

A Statistics NZ survey identifies a 30 per cent increase in research and development spending since 2014

Private sector investment is delivering increased R&D spending in New Zealand.

Private sector investment is delivering increased R&D spending in New Zealand.

Computer services and machinery manufacturing firms led the way in delivering an almost 30 per cent lift in business R&D spending between 2014 and 2016, Statistics NZ says.

The computer services sector had the biggest dollar-value increase, up by 40 per cent, or $125 million, to $436 million.

Computer services firms include New Zealand businesses providing services such as producing and distributing software and web design, Statistics NZ said.

Machinery and equipment manufacturers, spent 37 per cent or $105 million more to total $392 million in 2016.

These firms include high-tech manufacturing firms developing new products and services for sale in New Zealand or overseas.

Total spending on R&D by businesses, government, and higher education was $3.2 billion, up by 20 per cent or $531 million.

R&D in the higher education sector lifted and government R&D had a modest rise, but the bulk of the overall increase was from business spending.

Although the process can take years, R&D paves the way for new and better products or more efficient ways of doing things, Statistics NZ business performance senior manager Daria Kwon said.

“While higher R&D spending is a key driver of economic growth according to some studies, it is not a guarantee that a business will be more creative or profitable.”


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags innovationDevelopmentR&Dresearch and developmentengineering

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments