South Australia’s Strategic Plan is comprised of 100 targets. These targets are specific and measurable and enable us to measure our progress towards achieving the Plan’s visions and goals.
Each target is reported on through this section of the website. Data is analysed and uploaded as it becomes available.
Target:98. Business research expenditure:
Increase business expenditure on research and development to 1.5% of GSP by 2014, and increase to 2.0% by 2020
In 2013-14, business expenditure on research and development was 1.0% of Gross State Product (GSP). This result is higher than the 0.50% recorded in 2001-01 (baseline year)
The dampening influence of the Global Financial Crisis and the impact of the high Australian dollar in reducing the competitiveness of value-adding industries (the industries most likely to conduct research and development) seems evident in South Australia’s performance between 2007–08 and 2010-11.
The target to increase expenditure to 2.0% of GSP by 2020 (with a milestone of 1.5% by 2014) seems achievable. From 2000–01 to 2011–12, the average annual growth rate was 8.3% per annum. To achieve the target an average annual growth rate of 12.24% to 2019–20 is required.
The Survey of R&D, Businesses is a biennial survey. The change to the collection frequency from annual to biennial was made after the 2011-12 survey.
Department of State Development