In 2024, global government budget allocations for R&D in culture, recreation, religion, and mass media varied notably across countries. South Korea led with significant investment at $26.08 billion, followed by Russia and the UK. Recent year-on-year percentage changes showed substantial growth in Australia, Mexico, and notably Norway, reflecting heightened governmental focus. However, Ireland, Hungary, and Greece experienced declines, with Greece encountering a severe reduction. Over the past five years, these shifts highlight the dynamic nature of investment priorities.
Looking ahead, it's essential to watch how tech integration and digital transformation in these sectors could spur further investments. Emerging economies may accelerate investments to boost cultural and recreational industries, adapting to evolving societal interests and global technological advancements.
Top countries in Government Budget Allocations for R&D in Culture, Recreation, Religion and Mass Media by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 26,080 | 2023 | +2.41% | +2.83% | View data |
| 2 | 2 Russia | 17,760 | 2023 | +0.98% | +0.91% | View data |
| 3 | 3 United Kingdom | 16,540 | 2023 | +3.64% | -1.16% | View data |
| 4 | 4 Sweden | 4,910 | 2023 | +3.51% | +2.96% | View data |
| 5 | 5 Australia | 4,820 | 2023 | +3.99% | +189.9% | View data |
| 6 | 6 Mexico | 4,630 | 2023 | +4.97% | +203.63% | View data |
| 7 | 7 Belgium | 4,370 | 2023 | +3.69% | +2.97% | View data |
| 8 | 8 Poland | 4,120 | 2023 | +3.44% | +3.58% | View data |
| 9 | 9 Norway | 3,400 | 2023 | +5.76% | +149.81% | View data |
| 10 | 10 Czech Republic | 2,570 | 2023 | +5.86% | +173.25% | View data |
