The United Kingdom leads global government expenditure on R&D in Humanities and the Arts with an investment of 47.83 million USD PPP, showing a 7.02% growth in 2023. Germany follows at a significant distance with 25.68 million USD, and minimal growth of 0.34%. Russia, with 7.98 million USD, has a moderate increase at 1.98%. Countries like South Korea and Hungary have shown notable year-on-year increases of 17.23% and 11.21%, respectively, suggesting an upward trend. Meanwhile, Taiwan and Chile have experienced declines, with Chile showing a significant drop of 16.18%.
Future trends to watch:
- Potential shifts in funding priorities or political changes could impact future R&D investments in Humanities and the Arts.
- Watch for emerging players like South Korea that are rapidly increasing their investment rates.
- The impact of global economic conditions could either bolster or hinder investments depending on fiscal policies in the concerned sectors.
Top countries in Government Expenditure on R&D in Humanities and the Arts Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 47.83 | 2023 | +7.63% | +7.02% | View data |
| 2 | 2 Germany | 25.68 | 2023 | +0.9% | +0.34% | View data |
| 3 | 3 Russia | 7.98 | 2023 | +1.37% | +1.98% | View data |
| 4 | 4 Czech Republic | 2.63 | 2023 | +1.55% | +1.39% | View data |
| 5 | 5 Taiwan | 2.61 | 2023 | +0.34% | -1.08% | View data |
| 6 | 6 Spain | 2.14 | 2023 | +1.82% | +2% | View data |
| 7 | 7 Hungary | 1.69 | 2023 | +1% | +11.21% | View data |
| 8 | 8 Netherlands | 1.37 | 2023 | -0.055% | +6.33% | View data |
| 9 | 9 Italy | 1.28 | 2023 | -0.92% | +2.64% | View data |
| 10 | 10 South Korea | 1.16 | 2023 | +17.25% | +17.23% | View data |
