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# New Zealand R&D Expenditure

> New Zealand r&d expenditure is 1.5% as of Dec 2023, from 1.5%. History from 1997, source World Bank. Free API & MCP access.

R&D Expenditure in New Zealand rose to 1.5% in Dec 2023 from 1.5% in Dec 2021.

R&D Expenditure in New Zealand averaged 1.2% from 1997 until 2023, reaching an all-time high of 1.5% in Dec 2023 and a record low of 1.0% in Dec 1999. The series is reported yearly with history from 1997.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 1.5% | 1.5% | 1.5% (Dec 2023) | 1.0% (Dec 1999) | 1997–2023 | % of GDP | annual |

## FAQ

**What is New Zealand's r&d expenditure right now?**

R&D Expenditure in New Zealand is 1.5% as of Dec 2023.

**What are the historical extremes for New Zealand's r&d expenditure?**

The all-time high is 1.5% (Dec 2023); the record low is 1.0% (Dec 1999), over a series starting in 1997.

**How often is this series updated?**

R&D Expenditure for New Zealand is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=new-zealand&indicator=rd-expenditure-pct-gdp`.
Back to [New Zealand economy](/new-zealand.md).