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Business R&D spending rises in New Zealand

Image: Thomas Barwick, via Getty Images

Report outlines large increases in services and primary industry

Research and development spending by businesses in New Zealand jumped dramatically in 2023, increasing by 17 per cent to NZ$3.7 billion.

The increase on 2022—the greatest since annual data were first collected in 2018—was revealed in Statistics New Zealand’s annual business R&D report on 26 April.

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