As of 2023, global business enterprise expenditure on R&D in Social Sciences, Humanities, and the Arts shows South Korea leading at $1.72 billion, followed by Taiwan at $0.397 billion. The expenditures are much lower in Eastern European, and Latin American countries. Year-on-year growth from 2022 to 2023 is notable in South Korea (5.24%), Taiwan (5.01%), Portugal (4.42%), and Canada (7.07%). However, Russia experienced a significant decline of 12.71%, reflecting turbulent economic conditions. Romania had the highest growth rate at 34.09%, albeit from a much smaller base, indicating emerging interest in R&D within these fields.
Future trends to watch include increased investment in digital humanities and interdisciplinary research, particularly in leading countries like South Korea and Taiwan. This may also encourage a gradual rise in expenditure by other rising countries looking to compete on a global scale. Watch for geopolitical developments potentially affecting R&D funding, especially in regions facing economic challenges.
Top countries in Business Enterprise Expenditure on R&D in Social Sciences, Humanities, and the Arts by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 1,720 | 2023 | +5.29% | +5.24% | View data |
| 2 | 2 Taiwan | 397.19 | 2023 | +3.25% | +5.01% | View data |
| 3 | 3 Poland | 192.17 | 2023 | +3.19% | +3.43% | View data |
| 4 | 4 Portugal | 146.6 | 2023 | +1.44% | +4.42% | View data |
| 5 | 5 Czech Republic | 57.63 | 2023 | +3.68% | +4.12% | View data |
| 6 | 6 Russia | 52.03 | 2023 | -11.86% | -12.71% | View data |
| 7 | 7 Hungary | 26.2 | 2023 | +2.55% | -2.55% | View data |
| 8 | 8 Chile | 19.77 | 2023 | +2.37% | -3.66% | View data |
| 9 | 9 Canada | 19.49 | 2023 | +7.25% | +7.07% | View data |
| 10 | 10 Mexico | 16.07 | 2023 | -2.99% | -4.16% | View data |
