The most notable expenditure in research and development on Social Sciences, Humanities, and the Arts among countries presented is in South Korea, with $1.95 billion. Taiwan follows, significantly trailing at $0.42995 billion. Poland, Portugal, and Russia show moderate investments, while other countries, including Canada and Mexico, exhibit lower expenditures.
Year-on-year growth in 2023 was strong in South Korea and Taiwan, with 6.99% and 6.55% respectively. Romania experienced the highest growth rate at 27.96%, while Russia and Mexico saw declines of -8.83% and -4.0%, respectively. A five-year perspective shows variable changes, suggesting fluctuating focus across these nations.
Future trends to watch include the potential for increased investments in regions currently showing higher growth percentages, such as Romania, as countries realize the importance of integrating social sciences, humanities, and the arts into broader R&D strategies. Additionally, geopolitical and economic factors could influence these investments across different regions.
Top countries in Business Enterprise 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 South Korea | 1,950 | 2023 | +6.95% | +6.99% | View data |
| 2 | 2 Taiwan | 429.95 | 2023 | +3.13% | +6.55% | View data |
| 3 | 3 Poland | 211 | 2023 | +3.29% | +4.54% | View data |
| 4 | 4 Portugal | 167.64 | 2023 | +1.86% | +5.83% | View data |
| 5 | 5 Russia | 73.99 | 2023 | -6.02% | -8.83% | View data |
| 6 | 6 Czech Republic | 61.63 | 2023 | +3.92% | +3.55% | View data |
| 7 | 7 Hungary | 31.25 | 2023 | +4.78% | -0.093% | View data |
| 8 | 8 Chile | 22.02 | 2023 | +3.1% | -2.79% | View data |
| 9 | 9 Canada | 19.14 | 2023 | +3.29% | +5.11% | View data |
| 10 | 10 Mexico | 17.2 | 2023 | -2.82% | -4% | View data |
