In 2023, South Korea led global R&D spending in social sciences among businesses with $547.29 million, showcasing a 7.09% rise, pointing to a robust investment culture. Taiwan and Poland followed with $358.83 million and $180.67 million, respectively, with Taiwan increasing by 5.11% and Poland by 3.18% from the previous year. Conversely, Portugal and Russia saw declines, with expenditures reducing by 2.37% and 12.15%, respectively. Notably, Slovakia demonstrated a leap with a 9.62% increase, while Romania experienced the highest growth rate at 37.45%. Over the past five years, various countries have seen consistent shifts in their commitment to social science research funding.
Future trends to watch include the potential for increasing digitalization and AI technologies influencing research methodologies and funding patterns. Also, geopolitical tensions and economic uncertainties might affect investment behaviors, with some countries possibly prioritizing applied social sciences that offer immediate societal benefits.
Top countries in Business Enterprise Expenditure on R&D in Social Sciences by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 547.29 | 2023 | +5.79% | +7.09% | View data |
| 2 | 2 Taiwan | 358.83 | 2023 | +3.68% | +5.11% | View data |
| 3 | 3 Poland | 180.67 | 2023 | +3.47% | +3.18% | View data |
| 4 | 4 Portugal | 96.59 | 2023 | -2.14% | -2.37% | View data |
| 5 | 5 Czech Republic | 52.64 | 2023 | +3.5% | +2.43% | View data |
| 6 | 6 Russia | 50.65 | 2023 | -11.59% | -12.15% | View data |
| 7 | 7 Hungary | 23.71 | 2023 | +2.43% | -3.39% | View data |
| 8 | 8 Chile | 19.87 | 2023 | +3.08% | -3.22% | View data |
| 9 | 9 Slovakia | 8.38 | 2023 | +0.048% | +9.62% | View data |
| 10 | 10 Slovenia | 5.75 | 2021 | -22.89% | -6.29% | View data |
