In 2023, the UK led global government R&D expenditure in social sciences, humanities, and arts, followed closely by Germany and South Korea. With significant growth observed, the UK's year-on-year increase was 10.36%. Germany saw a rise of 3.89%, while South Korea's growth hit 4.2%. Among underperformers, Mexico noted a decrease of 1.43%. Over the last five years, Portugal achieved the highest annual growth rate, showcasing a robust CAGR. Other notable increases were seen in emerging markets like Hungary and Estonia.
Future trends indicate a potential boost in R&D funding as countries increasingly prioritize cultural and societal innovation. Watch for expanded investments in emerging markets and policy-driven changes in traditionally dominant regions like the UK and Germany, spurred by socio-economic shifts and technological advancements.
Top countries in Government Expenditure on R&D in Social Sciences, Humanities, and the Arts by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,270 | 2023 | +9.61% | +10.36% | View data |
| 2 | 2 Germany | 3,160 | 2023 | +3.8% | +3.89% | View data |
| 3 | 3 South Korea | 1,170 | 2023 | +3.02% | +4.2% | View data |
| 4 | 4 Russia | 938.02 | 2023 | +2.74% | +2.48% | View data |
| 5 | 5 Italy | 750.05 | 2023 | +1.57% | +5.25% | View data |
| 6 | 6 Spain | 387.59 | 2023 | +1.46% | +4.13% | View data |
| 7 | 7 Taiwan | 361.47 | 2023 | +1.95% | +2.02% | View data |
| 8 | 8 Japan | 342.86 | 2023 | +1.37% | +0.57% | View data |
| 9 | 9 Netherlands | 302.71 | 2023 | +1.4% | +4.47% | View data |
| 10 | 10 Canada | 260.66 | 2023 | +1.39% | +7.7% | View data |
