In 2023, South Korea led in global private non-profit expenditure on R&D in social sciences among the listed countries, with significant growth at 6.87% year-on-year. Portugal showed remarkable increase at 23.69%, indicating increase in investment focus. Conversely, Chile, Taiwan, and Spain experienced declines with -11.13%, -6.68%, and -6.71% respectively.
Looking forward, potential trends to watch include:
- Continued growth in South Korea, potentially driven by its expanding innovation ecosystem.
- Portugal’s upswing suggesting an increased emphasis on social sciences research.
- Monitoring decreases in Chile, Taiwan, and Spain for opportunities to reverse trends.
Top countries in Private Non-Profit Expenditure on R&D in Social Sciences Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 32.81 | 2023 | +3.52% | +6.87% | View data |
| 2 | 2 Italy | 19.19 | 2023 | +0.71% | +2.29% | View data |
| 3 | 3 Israel | 18.47 | 2023 | +2.61% | +2.29% | View data |
| 4 | 4 Russia | 6.95 | 2023 | +4.33% | +9.82% | View data |
| 5 | 5 Finland | 6.69 | 2023 | +5.05% | View data | |
| 6 | 6 Poland | 3.79 | 2023 | +3.3% | +1.3% | View data |
| 7 | 7 Czech Republic | 3.52 | 2023 | +1.9% | +3.44% | View data |
| 8 | 8 Portugal | 2.55 | 2023 | +1.09% | +23.69% | View data |
| 9 | 9 Chile | 2.04 | 2023 | -12.16% | -11.13% | View data |
| 10 | 10 Estonia | 1.02 | 2023 | +2.24% | +0.056% | View data |
