In 2024, South Korea leads in R&D budget allocations for culture, recreation, religion, and mass media, followed by Russia and the United Kingdom. Despite the high base, South Korea maintains a positive growth trend of 2.83%. Smaller economies like Australia and Mexico show substantial growth, with increases exceeding 180%, indicating increased focus on these sectors. Conversely, Finland and Greece see significant declines, with reductions of over 28% and 30% respectively. This diversity is mirrored by varying trends in the Czech Republic, where investment rose by over 170%. Looking back, some countries display consistent growth over the last five years, indicating strategic investments in cultural and recreational R&D.
Future trends suggest an increasing diversification of investment, driven by cultural and technological changes, with emerging markets seeing higher growth rates. Continued shifts might occur as countries like Mexico and Australia invest more aggressively in these sectors, potentially altering geopolitical influences in global cultural dynamics.
Top countries in Government Budget Allocations for R&D in Culture, Recreation, Religion and Mass Media Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 32.4 | 2023 | +2.41% | +2.83% | View data |
| 2 | 2 Russia | 22.06 | 2023 | +0.98% | +0.91% | View data |
| 3 | 3 United Kingdom | 20.54 | 2023 | +3.64% | -1.16% | View data |
| 4 | 4 Sweden | 6.1 | 2023 | +3.51% | +2.96% | View data |
| 5 | 5 Australia | 5.99 | 2023 | +3.99% | +189.9% | View data |
| 6 | 6 Mexico | 5.76 | 2023 | +4.97% | +203.63% | View data |
| 7 | 7 Belgium | 5.43 | 2023 | +3.69% | +2.97% | View data |
| 8 | 8 Poland | 5.11 | 2023 | +3.44% | +3.58% | View data |
| 9 | 9 Norway | 4.23 | 2023 | +5.76% | +149.81% | View data |
| 10 | 10 Czech Republic | 3.19 | 2023 | +5.86% | +173.25% | View data |
