In 2023, South Korea led with 126.78 million US Dollars PPP in private non-profit R&D expenditure on social sciences, marking a 6.87% increase. Italy and Israel followed, each with a 2.29% rise. Russia showed significant growth at 9.82%, whereas Portugal surged by 23.69%. Conversely, Chile, Taiwan, and Spain recorded declines of 11.13%, 6.68%, and 6.71%, respectively. Romania saw the highest year-on-year growth of 175.25%, despite a low base value. Overall, a varied trend with some growth and declines was observed.
Future trends to watch:
- Increased investment in digital and social innovations in leading countries like South Korea and Italy.
- The potential for recovery and growth in countries like Spain and Taiwan, driven by policy changes and strategic investments.
- Monitoring emerging markets, like Romania, for potential rapid growth within the sector.
Top countries in Private Non-Profit Expenditure on R&D in Social Sciences by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 126.78 | 2023 | +3.52% | +6.87% | View data |
| 2 | 2 Italy | 74.17 | 2023 | +0.71% | +2.29% | View data |
| 3 | 3 Israel | 71.39 | 2023 | +2.61% | +2.29% | View data |
| 4 | 4 Russia | 26.85 | 2023 | +4.33% | +9.82% | View data |
| 5 | 5 Finland | 25.84 | 2023 | +5.05% | View data | |
| 6 | 6 Poland | 14.66 | 2023 | +3.3% | +1.3% | View data |
| 7 | 7 Czech Republic | 13.6 | 2023 | +1.9% | +3.44% | View data |
| 8 | 8 Portugal | 9.85 | 2023 | +1.09% | +23.69% | View data |
| 9 | 9 Chile | 7.89 | 2023 | -12.16% | -11.13% | View data |
| 10 | 10 Estonia | 3.93 | 2023 | +2.24% | +0.056% | View data |
