In 2023, Italy led global government expenditures on R&D social protection with 263.35 million USD PPP, showing a substantial year-on-year growth of 5.35%. Hungary experienced the highest growth at 18.75%, contrasting with Greece's significant decline of 33.6%. The overall trend indicates growth in most European nations, with notable contractions in some regions like Ireland and Greece. German, Norwegian, and Austrian expenditures also increased, emphasizing a positive trajectory for social protection R&D financing.
Future trends suggest a continuous increase in investments, particularly in European nations. Monitoring fluctuations in political priorities, economic conditions, and technological advancements could impact R&D funding levels and strategies globally. Enhanced cross-country collaborations and sustainability considerations might also play a vital role in shaping future allocations.
Top countries in Government Expenditures on R&D Social Protection by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 263.35 | 2023 | +2.32% | +5.35% | View data |
| 2 | 2 Germany | 191.73 | 2023 | +3.16% | +3.14% | View data |
| 3 | 3 Norway | 186.67 | 2023 | +2.96% | +3.73% | View data |
| 4 | 4 Japan | 153.42 | 2023 | +0.8% | +0.79% | View data |
| 5 | 5 Netherlands | 120.22 | 2023 | +0.067% | +0.71% | View data |
| 6 | 6 Switzerland | 99.33 | 2023 | +1.69% | +2.16% | View data |
| 7 | 7 Austria | 83.17 | 2023 | +3.52% | +4.05% | View data |
| 8 | 8 Finland | 59.63 | 2023 | +1.55% | +0.31% | View data |
| 9 | 9 Denmark | 50.89 | 2023 | +1.41% | +1.11% | View data |
| 10 | 10 Belgium | 27.85 | 2023 | +0.036% | -2.03% | View data |
