In 2023, South Korea led in Global Business Enterprise Expenditure on R&D in Social Sciences with $593.17 million, seeing a 7.84% increase from 2022. Taiwan followed with $388.71 million, up by 6.67%. Both South Korea and Taiwan showed significant growth, indicating strong investments in social sciences research.
Poland saw a 3.66% increase, reaching $190.29 million, while Portugal's spending decreased slightly by 0.0049%, totaling $117.73 million. Russia experienced a notable decrease of 8.32%, bringing its expenditure to $71.75 million. The Czech Republic increased by 3.48%, Hungary declined by 1.22%, and Chile by 2.43%, reflecting varied interest levels across these countries.
Slovakia's expenditure surged by 10.88%, while Slovenia's expenditures were not detailed. Romania observed the highest growth of 31.43%, yet its total stood at a lower $3.58 million, indicating room for investment expansion in social sciences R&D.
Future trends will likely showcase continued growth in Asian markets, such as South Korea and Taiwan, due to their high year-on-year increases. Eastern European countries like Romania may also emerge as growing players if current growth trends persist. Balancing economic factors and policy support will influence these expenditures across regions.
Top countries in Business Enterprise 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 | 593.17 | 2023 | +5.91% | +7.84% | View data |
| 2 | 2 Taiwan | 388.71 | 2023 | +3.79% | +6.67% | View data |
| 3 | 3 Poland | 190.29 | 2023 | +2.9% | +3.66% | View data |
| 4 | 4 Portugal | 117.73 | 2023 | +0.17% | -0.0049% | View data |
| 5 | 5 Russia | 71.75 | 2023 | -5.87% | -8.32% | View data |
| 6 | 6 Czech Republic | 60.88 | 2023 | +3.52% | +3.48% | View data |
| 7 | 7 Hungary | 27.91 | 2023 | +4.53% | -1.22% | View data |
| 8 | 8 Chile | 22.03 | 2023 | +3.71% | -2.43% | View data |
| 9 | 9 Slovakia | 8.52 | 2023 | +0.035% | +10.88% | View data |
| 10 | 10 Slovenia | 6.75 | 2021 | -23.06% | -4.01% | View data |
