Business R&D spending in Australia declines
Australian Business Expenditure on R&D (BERD) was lower in 2019-20 than in 2011-12, both in dollar terms and as a proportion of GDP. YEAR BERD ($Bn) GERD ($Bn) % GDP 2011-12 18.32 31.7 2.11 2013-14 18.85 33.47 2.09 2015-16 16.66…