Oceania R&D Expenditure (% GDP) Ranking (2023)

In 2021, R&D expenditure (% GDP) in Oceania was highest in Australia at 1.86%, followed by New Zealand at 1.47%. The average R&D expenditure (% GDP) across countries in Oceania was 1.66%, the median was 1.66%, and New Zealand recorded the lowest R&D expenditure (% GDP) at 1.47%, according to the World Bank.

Data is available for the period 1996 to 2023 across 2 countries in Oceania.

World Major Countries Americas Europe Asia Oceania Africa
Rank Country Current Value ↓ Previous Value Year
1
Flag of Australia
Australia
1.86% 1.83% 2021
2
Flag of New Zealand
New Zealand
1.47% 1.41% 2021
Oceania R&D Expenditure (% GDP) Ranking (2023) : Definition
R&D Expenditure (% GDP) measures total spending on research and development during the reporting year, expressed as a percentage of nominal GDP.