In 2023, the total R&D personnel in Canada stood at 15.85 persons per thousand employment. The forecasted data indicates a steady increase in R&D personnel from 2024 to 2028, with a consistent annual growth rate of around 1%. The year-on-year increase is approximately 1%, reflecting a stable upward trend in R&D personnel density.
This trend suggests a continuous investment in research and development capacities in Canada. Over the forecasted period from 2024 to 2028, a compound annual growth rate (CAGR) of 1.05% is anticipated, signifying gradual but sustained growth in R&D employment.
Future trends to watch include potential impacts of technological advancements, government policies on research funding, and global shifts in economic conditions, which could influence the growth rate of R&D personnel in Canada. Monitoring these factors will be crucial for understanding the trajectory of Canada's research and development landscape.
